The role of ESG in fiduciary duty needs clarity

An Environmental Finance conference has heard hopes from market participants that the Science-based Targets Initiative (SBTi) will "endorse" the use of carbon credits as part of net zero targets.

The exclusion of high-emitting 'brown' firms by sustainability-minded investors could lead to a 7.1% drop in stock prices of these firms over 10 years, according to a modelling exercise by academics.