Texas laws covering environmental, social, or governance funds include a notable number of funds with no ESG focus. Of his 348 funds selected by Texas Comptroller Glenn Heger, 14% do not qualify as his ESG, according to Morningstar. Additionally, nearly 40% of funds invest in the oil and gas industry, according to data compiled by Bloomberg. The findings highlight just how hot a political issue ESG investing has become. In fact, many of the investment firm leaders attacked for promoting ESG policies are attacked for their continued investments in the oil and gas industry. Commenting on the findings, Hortense Bioy, Global Director of Sustainability Research at Morningstar, said: investment. Clearly, these funds are not boycotting energy companies. ”
Finsome: A significant number of funds selected by Texas Comptroller Glenn Hegar for ESG activity do not qualify as ESG.
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