Coal resurgence hurts company reputation among investors
ESG rating bureaus such as Sustainalytics and MSCI report that big investors are still guided by ESG scores, boding poorly for big companies restarting coal-fired power plants and factory boilers.
BY JENS STAVNSBJERG, ENERGYWATCH, TRANSLATED BY DANIEL FRANK CHRISTENSEN
Large European investors will not simply shelve environmental and climate aspirations simply because Russia has reduced natural gas flows supplying the continent. Thus, companies restarting coal boilers to generate power or make products can expect to be met with some aversion among investors, Reuters reports.
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