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Analysis of sustainable passive funds by Reclaim Finance finds hundreds exposed to oil giants and coal producers

Wealth Management Correspondent

BlackRock, DWS and Legal & General Investment Management are including investments in fossil fuel developers in passive funds branded as sustainable, according to new analysis.

Reclaim Finance analysed 430 funds badged as sustainable at five of the biggest passive firms, which also included UBS Asset Management and Amundi.

BlackRock, LGIM and DWS sustainable passive funds exposed to fossil fuels

Kristen McGachey

BlackRock

Amundi

ExxonMobil

Shell

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UBS Asset Management

NextEra Energy

Investing

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