Asset manager to ditch more carriers after removing Cosco for climate reasons

Asset manager LGIM has already dropped its investment in China’s Cosco, and more shipping companies could allegedly follow suit if they are not green enough.
British asset manager LGIM has ditched container liner Cosco from its portfolio. | Photo: Michael Probst/AP/Ritzau Scanpix
British asset manager LGIM has ditched container liner Cosco from its portfolio. | Photo: Michael Probst/AP/Ritzau Scanpix

One of Europe’s largest asset managers is ready to send shipping companies out in the cold if they have an unambitious climate policy.

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