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 . “As we continually perform range management and ensure that our solutions are fit for purpose, we continuously provide feedback to our partners on clients’ needs,” Bartolini said. 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 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 .