, Columnist
Turning Green Into Gold Takes a Leap of Faith
Two conflicting reports highlight the lack of reliable and standardized data on how to make a profitable portfolio greener.
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The climate crisis has provoked a debate about whether asset managers should disinvest from the most polluting companies or use their influence as shareholders to persuade firms to curb their carbon emissions. Unfortunately, the paucity of reliable and standardized data makes assaying the likely profit and loss of greening portfolios a thankless task, as two conflicting reports in recent weeks highlight.
For the sake of the planet, there is one conclusion I hope is correct.