The evidence is irrefutable: the Earth’s climate is changing, and the global economy is providing proof as severe weather disrupts markets and supply chains.
To avoid that, he recommends investors shift their portfolios away from industries that contribute to climate change and toward opportunities in the so-called green sector. For instance, Desjardins Global Asset Management offers a series of climate-themed ETFs that range from low-carbon emitters to fossil-fuel-free funds for investors who want to go further.Horizons ETFs also offers the fossil-fuel-free Global Sustainability Leaders Index. Like most new climate-themed ETFs, it has yet to register a long-term performance, but so far this year has posted a return of about 23 per cent, compared with about a 14.
U.K.-based environmental-investment watchdog InfluenceMap recently analyzed 118 ETFs and mutual funds around the world marketed under a climate theme and found an aggregate exposure to fossil-fuel producers in line with the benchmark MSCI World ETF. BlackRock’s iShares MSCI ACWI Low Carbon Target ETF was also found to hold shares in Chevron and Shell, which were identified by InfluenceMap as big polluters.
“We see the solution [as] being less than just having people dump all these companies and more about developing [an] interest that could actually drive change in the companies’ business models,” Ms. Buller says.
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