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US ultimatum on sustainability investment
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US ultimatum on sustainability investment
Save Some of the world’s largest fund managers have been given an ultimatum to discard ESG as part of their stewardship criteria or risk losing work managing investments for 21 US states. A letter sent at the end of last week from treasurers and auditors-general asked fund managers to ensure they practise “traditional fiduciary duty” that rejects “long-term risk mitigation” that considers climate change or any other “sustainability” framework, i…
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