Climate · Follow the offsets
How a green fund financed what it opposed
A fund marketed as climate-positive held stakes in the projects it was set up to offset. The holdings are public.
By J. Park · Geneva · · 13 min
A fund sold to savers as climate-positive published a holdings list — as required. On that list sit several of the high-emission projects its marketing said it offset.
four of the fund’s ten largest holdings are in sectors its own materials name as targets to offset.
An offset and an investment can point in opposite directions. Here they pointed at the same thing.
The holdings disclosure is a public document. We set it beside the fund’s own marketing and let the two speak.
Methodology
knowless compared the fund’s mandatory holdings disclosure with its published marketing materials and offset claims.
Climate finance · Offsets · Investment