US states boycott asset managers with sustainable credentials

A number of republican states in the US will no longer invest through asset managers with a sustainability or ESG focus.
Texas senator Ted Cruz. | Photo: ANNA ROSE LAYDEN/AFP / GETTY IMAGES NORTH AMERICA
Texas senator Ted Cruz. | Photo: ANNA ROSE LAYDEN/AFP / GETTY IMAGES NORTH AMERICA
by freja celine eriksen, translated by catherine brett

In a reaction to the green investment wave, several Republican-led states in the US have begun to screen and avoid asset managers who have blacklisted fossil fuel investments, Danish business daily Børsen writes.

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