Climate change the ‘most common’ reason for portfolio exclusion

(Financial Times) Concern about climate change is the most common reason for financial groups to exclude companies from their portfolios, according to research that underlines how the phenomenon continues to affect investment decisions despite a pushback against “woke” capitalism.

The findings, from a coalition of non-profit environmental and sustainability groups, show that 40 per cent of exclusions are motivated by concern over climate change. Some 17 per cent of exclusions are driven by worries about companies involved in weapons manufacturing, with tobacco accounting for 12 per cent.