Public pressure on asset managers to divest from fossil fuels has slowly boiled over, leading some to warn that investors risk losing their "social licence to operate" over ESG policies. Last month, environmental activist Greta Thunberg pulled out of the Edinburgh International Book Festival over its sponsorship by Baillie Gifford, due to the firm's investment in fossil fuels. Baillie Gifford hits back at Greta Thunberg's 'greenwashing' accusations Recent polling by Ipsos found public concern about climate change and the environment had sharply increased, rising to the join...
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