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is “ positively surprised ” by the levels of data available , but concedes the problem is that it is not standardised , making comparisons difficult . On the plus side , she notes that in 2018 , only 20 % of companies in the MSCI World index had given a target or indication of their journey to net zero . “ That number is now 80 %,” she says . “ It may not be a clear plan , with science-based targets embedded , but investors need to ask themselves what ’ s important – to have a portfolio with the lowest carbon footprint possible or one that is all about the decarbonisation journey and actively enabling the fight against climate change .”

Unintended consequences Although ESG has become mainstream , it remains important for investors to align their participation within the subject with the rest of their investment beliefs . Those who want nothing to do with fossil fuels

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