SIF 2022: Jonathon Porritt warns of virtue signalling and greenwashing

The campaigner said the judgement on the industry was ‘pretty damning’

Elliot Gulliver-Needham
clock • 3 min read
Porritt: You can see why people are beginning to lose confidence in the capacity of the asset management industry to make a significant difference
Image:

Porritt: You can see why people are beginning to lose confidence in the capacity of the asset management industry to make a significant difference

The asset management industry is failing to properly tackle climate change, said Jonathon Porritt, the environmental campaigner and co-founder of Forum for the Future.

Speaking at the Sustainable Investment Festival yesterday (12 July), Porritt warned: "We have a massive amount of virtue signalling going on in the global asset management industry today, a massive...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Europe

Most employers understand importance of RI

Most employers understand importance of RI

A third of employers said it is essential that a pension fund is invested responsibly

Holly Roach
clock 17 August 2022 • 3 min read
Fred Berry

The importance of questions about investment strategies

Fred Berry breaks down The Pensions Regulator’s questioning of schemes

Fred Berry
clock 16 August 2022 • 4 min read
Charlotte Moore says it is time to get fossil fuel firms to reprioritise surplus cash

Schemes must urge fossil fuel firms to spend more surplus cash on green transition

Windfall profits should be used for investment not share buybacks, writes Charlotte Moore

Charlotte Moore
clock 16 August 2022 • 3 min read
Trustpilot