The large number of climate - themed funds that unwittingly hold investments in fossil fuel companies has highlighted the inadequacy of the industry 's environmental , social and corporate governance ( ESG ) oversight . A study by InfluenceMap found 22 climate - themed funds exposed to fossil fuels , while the aggregate of the 22 funds examined by the study found that their combined thermal energy intensity was roughly equivalent to that of the average MSCI World exchange - traded fund .
The large number of climate-themed funds that unwittingly hold stakes in fossil fuel companies has highlighted the inadequacy of the industry's environmental, social and corporate governance (ESG) oversight. A study by InfluenceMap found 22 climate-based funds exposed to fossil fuels, while the aggregate of the 118 funds examined by the study found that their combined thermal coal intensity was roughly equivalent to that of the iShares MSCI World exchange-traded fund.