Fund managers and sustainability

Abstract

The temperature of the planet is increasing more and more, bringing with it a series of catastrophes. However, climate change not only has a great impact on the ecosystem, it also has a strong impact on the economy, because of the large investment needed to improve infrastructure to contribute to the environment. The aim of this paper is to analyse how the financial market, and especially fund managers, are contributing through the decarbonisation of their funds to the search for environmental sustainability. To this end, an empirical analysis is made of the actions that the most important investment fund managers have developed after the 21st conference on climate change. Specifically, a sample of 30 asset managers of investment funds domiciled in the United States and Europe is analysed. Their performance in environmental terms will be compared with their economic performance.