Climate Skeptic Asset Managers Face Pressure to Reveal Donations
Harris Associates signed a sustainable investing pledge, but Deputy Chairman David Herro supports a group that challenges climate science. Should investors care?
David Herro (right) during a Bloomberg Television interview in New York.
Photographer: Chris Goodney/Bloomberg
Harris Associates, the $120 billion money manager, formally joined in the responsible investing trend a year ago, pledging to press companies to disclose how climate change and social issues affect their bottom line.
David Herro, Harris’s deputy chairman and an investment chief, would arguably play a key role in the effort to align its investments with environmental concerns. Having made his name in the value-investing discipline pioneered by Warren Buffett, Herro isn’t shy about pressuring C-suite executives. (Just ask Credit Suisse, Akzo Nobel and Glencore, to name a few).