Analysis busts myth that divestment is a losing proposition
www.corporateknights.com | Published May 5, 2015
“We can’t divest from fossil fuels because it would lead to lower returns, and investors wouldn’t like that.”
That’s the response universities, governments, pension funds and other asset owners typically give when faced with pressure to divest from their fossil-fuel holdings.
But a report from MSCI Inc., which compared the performance of fossil-free portfolios to conventional, fossil-filled portfolios, found that the lower-return argument doesn’t hold – at least not since 2010.
MSCI, the world’s largest stock market index provider, found that portfolios with a… read more>