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.

Photo: Ina Fassbender/Reuters/Ritzau Scanpix/REUTERS / X00970

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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ESG fund trounces peers helped by bold bet on defense stocks

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Front page now

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Further reading

Alecta’s CEO rejects controversial Heimstaden investment

Only one Nordic fund market increased its AUM in August

Swedish agency's new comms head will engage with fund managers

Swedish FSA reprimands troubled pension giant

Mandatum, Handelsbanken and Storebrand were the real winners of Q2

EM manager bets on polluting giant for his sustainable fund: "It sticks out like a sore thumb"

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