Aug
24
Anything Goes With Ethical Funds Holding Exxon to Big Tobacco
By-
ESG and environmental investing booms to $223 billion
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Lack of standards for what counts as ethical starts G-20 probe
Thinking of putting your money into a fund that describes itself as ethical? You’d better read the fine print if backing Exxon Mobil Corp. and British American Tobacco Plc isn’t your idea of doing good.
The oil company accused of misleading investors by hiding evidence about climate change and Europe’s biggest cigarette maker are among the holdings of some of the 30 biggest funds that invest following environmental or social governance guidelines, according to data compiled by Bloomberg…
Anything Goes With Ethical Funds Holding Exxon to Big Tobacco
