As ESG funds continue to experience the largest outflows in their history, the value of the trend has been called into question. The Financial Times argues that this recent spate of outflows does not mark the death of ESG as a concept, but rather its decline as a marketing tool.
Investment management firm Baillie Gifford has cut sponsorship ties with all literary festivals after pressure from protestors over its links to fossil fuel funding. With literary festivals across the country now facing uncertainty about their futures, the ethics of boycotts are being called into question. The Times covers the story.
After a string of greenwashing scandals and sagging prices, investors in carbon credits have withstood several years of poor returns. But as the world races to reach net zero, Wall Street backers remain confident that the market will see a turnaround. Bloomberg covers the story.
