The UK Government Sets Out Green Commitments Ahead Of Budget

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The UK Government Sets Out Green Commitments Ahead Of Budget
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  • The Chancellor is laying out a series of green finance safeguards ahead of the Budget including a block on “greenwashing”.

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Q3 2021 hedge fund letters, conferences and more

  • The UK has announced plans to launch a £400m package of investment through a partnership with Bill Gates for the development of green technologies.
  • The UK government has also set out its long-awaited strategy to reach its target of net zero emissions, which includes an expansion of electric vehicles.

The UK Government's Green Commitments

Emma Wall, Head of Investment Analysis at Hargreaves Lansdown

The Man Behind TCI: One Of The World’s Top-Performing Hedge Funds

TCI David Marcus Investment ResearchThe Children's Investment Fund Management LLP is a London-based hedge fund firm better known by its acronym TCI. Founded by Sir Chris Hohn in 2003, the fund has a global mandate and supports the Children's Investment Fund Foundation (CIFF). Q3 2021 hedge fund letters, conferences and more The CIFF was established in 2002 by Hohn Read More

Investors have been backing the green economy for some time – they haven’t waited for Rishi and Boris to make these commitments. We’ve seen flows into sustainable funds on our platform up 6,000% over the past five years. And these funds now total $2 trillion globally.

There are a number of factors at play here – investors are more socially aware - the pandemic has exacerbated inequality and younger investors in particular want to tackle this. Regulatory change has created investment opportunities, and performance plays a part too. Last year funds which didn’t invest in fossil fuels outperformed the market, as energy prices crashed and green-tech companies excelled. It’s a different story of late of course, with energy prices rising rapidly, but the structural themes remain.

But the popularity of responsible funds has become problematic as investment providers jump on the bandwagon, leading to accusations of greenwashing – saying you have better environmental credentials than you do. The EU has already cracked down on providers and the US has launched investigations, and now the UK is following suit. Rishi Sunak has today published new Sustainability Disclosure Requirements for fund managers which it has developed with support from the UK regulator and pension schemes and fund managers will have to "clearly justify any sustainability claims.”


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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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