Has greenwashing become a weapon of mass destruction?

Despite all the noise, the engagement efforts of asset managers has had no effect on greenhouse gas emissions over the past decade. That’s one damning finding in research by Gianfranco Gianfrate, professor of finance at Edhec-Risk Institute, who has described greenwashing in the investment industry as a “weapon of mass destruction”.

88 per cent of climate investing strategies aren’t driven by carbon intensity