Funds promoting ESG goals – the world’s biggest class of ESG funds with an estimated $5 trillion in assets – have raised their exposure to the oil and gas industry over the past two and a half years, according to data from Morningstar cited by Bloomberg. The EU introduced the so-called Sustainable Finance Disclosure Regulation (SFDR) in 2021, in which it defines Article 8 products as those that promote environmental or social characteristics and which integrate sustainability into the investment process. Article…
