Active investor engagement in the running of polluting companies is a better environmental, social and good governance strategy than blanket divestment, according to abrdn’s investment director.
Iain Pyle, who has headed up the UK and European equities team at abrdn since 2015 and manages the UK Equity High Income fund amongst other funds, has sector responsibility for energy and banks at the fund house. He also has a background in energy; prior to joining the firm, Pyle was a vice president on the European oil and gas research team at Sanford Bernstein from 2007. His view is that energy investment and ESG is a nuanced, rather than black and while, affair. ESG managers: Poor data dogs strong investor demand "I always kind of struggle to explain how I think because I a...
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