Investment platforms often advertise themselves as ‘making your money work for you’. But do you know who else your money is working for? Every year, some asset managers pour millions into industries like tobacco, global armaments, and oil and gas.
Worse still, many of these funds advertise themselves as sustainable. Over a three-month period last year, asset managers used investment funds branded as green or socially responsible to invest more than £800 million in fossil fuel firms, research released by Common Wealth think