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Credit Suisse Says Quick Climate Wins May Reduce Investor Impact

Construction At The Avangrid Renewables La Joya Wind Farm
Photographer: Cate Dingley/Bloomberg

For climate-focused investors, Credit Suisse Group AG has pointed out an awkward irony in a new report: Reducing a portfolio’s carbon footprint doesn’t necessarily lead to lower greenhouse-gas emissions.

“Decarbonizing your portfolio isn’t the same as building a portfolio that helps to decarbonize the world,” James Gifford, the bank’s head of impact advisory, wrote in the report published Thursday.