Bond Vigilante Calls Out ‘Dead Fish’ Credit Investors on Climate

Ulf Erlandsson isn’t your typical climate campaigner: He prefers the trading desk to the picket line.

He pushed Amundi SA, Europe's largest asset manager, into divesting bonds in an Indian bank that was financing a coal mine, shamed HSBC Holdings Plc for failing to hold that same bank to account, and pressured a Japanese lender to announce it would stop funding coal power.