Finance
Why the Biggest U.S. ESG Fund Has No Direct Renewable Holdings
“We hesitate to overplay the ESG hand,” says Parnassus Core Equity Fund Co-Manager Ben Allen.
One of the biggest ESG funds in the world has among its holdings Deere & Co., the famous maker of fossil-fuel burning farm equipment.
Photographer: Bloomberg
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America’s biggest ESG fund has no direct investments in renewable energy companies. Yes, you read that right.