Major investors are increasingly using their firepower to push companies towards a greener future rather than simply taking into account environmental, social and governance (ESG) risks when making investment decisions.
The amount of capital deployed to force companies to improve their environmental practices surged 54 per cent last year.
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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com