Daimler’s Home Divests From Oil, Coal in Growing German Movement

  • Stuttgart divesting to comply with climate-protection criteria
  • About $679 million, 20% of Stoxx 600 stocks could be affected

Taillights from passing traffic illuminates the road near the entrance of the Daimler headquarters in Stuttgart.

Photographer: Guenter Schiffmann/Bloomberg

Stuttgart, home to one of Germany’s oldest carmakers, Daimler AG, became the latest city to says it’s divesting from companies that don’t comply with climate-protection criteria.

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