If the City of London were a country it would rank as the world’s ninth highest CO2 emitter, when the results of banks' investments are taken into account, according to Greenpeace and the WWF. That is 455m tonnes when discounting aviation and shipping, sectors the UK government excludes in its emissions calculations.
Investing in companies with better records on social issues and good governance pays according to the world’s largest asset manager, with those investments having proved to be more financially resilient during the coronavirus market crash.
