Many ethical and socially responsible funds are investing in stocks which do little to tackle climate change, according to a new report.
The IFA firm Holden & Partners' study reveals very few of the top 10 holdings in SRI, ethical and environmental funds are invested in companies tackling climate change. While names like Vodafone and RBS featured prominently in the report, many funds have holdings in large mining corporations and oil conglomerates. Investors clearly have a growing appetite for ethical funds, with the latest IMA statistics revealing record inflows of £473m into the sector last year. However, Holden & Partners says many investors could be unwillingly buying into companies which are "part of the problem ...
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