The active fund giant has only 2% per cent of client money invested in companies with business related to fossil fuels, well below market average
The recent agonising about the moral credentials of UK active fund giant Baillie Gifford has been a sight to behold.
In a letter signed by hundreds of writers, including Sally Rooney and Naomi Klein, it called on Baillie Gifford to “divest from the fossil fuel industry and all companies involved in Israeli occupation, apartheid and genocide”.Threat of far-right election success in France spooks investors It takes a long-termist approach, and has made big investments in clean energy companies like Tesla and Swedish battery developer Northvolt.
However, these are three of the biggest companies on the planet, and any commercial dealings with Israel are tiny relative to their overall business. Anyone who invests in global index funds is exposed to these companies, as is pretty much anyone with a pension fund.
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