UK 'green' funds to raise global temperature three times beyond 1.5°C target

High street banks

Tom Higgins
clock • 2 min read
UK 'green' funds to raise global temperature three times beyond 1.5°C target

The UK's top climate funds are on course to contribute to a 4.5°C temperature rise by 2050, despite laying out net zero strategies, research from fintech Clim8 has found.

'Green' funds too are contributing to the climate crisis, pushing temperature rises past 3°C, according to Clim8. Yet two thirds (66%) of British investors do not know where their money is going or if their investments are sustainable. Clim8 benchmarked the climate alignment of its portfolio against the world's largest traditional funds as well as climate-focused funds. The research, gathered using data and algorithms from Carbon4Finance (C4F), took into consideration the portfolios of 8,000 companies. Looking specifically at who these funds invest with, Clim8 was able to align ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


Tom Higgins
Author spotlight

Tom Higgins