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Fund EcoMarket

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UKSIF ‘Ownership Day’ fund manager survey ‘Oil Pressure Gauge’

On 1 May UKSIF celebrated its annual ‘Ownership Day’ with an event at the London Stock Exchange and the publication of a fund manager survey that looks into how different managers view the oil industry ‘Oil Pressure Gauge’ . 

Its focus is around ‘responsible ownership’ or what many now call ‘stewardship’ and the role it can play in effecting change.

Responses were anonymous and I rather like their honesty. To precis – clearly much absolutely essential engagement work is being done, but managers appear to be strategically light in places. 

Oil pressure gauge: 2019 survey of fund managers’ attitudes to climate risk and investment in fossil fuel companies

(For all reports go to http://ownershipday.co.uk/resources/ )

The report was produced with the help of ‘the Climate Change Collaboration’ a group of charities who operate in this area.

 

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