ESG & Investing
Al Gore Slams Vanguard After Defection From Climate Group
- He calls the decision ‘irresponsible and shortsighted’
- Vanguard says index-fund business made things complicated
This article is for subscribers only.
Vanguard Group Inc.’s decision to leave the world’s largest climate-finance coalition was slammed by former US Vice President Al Gore, who said the move was out of step with the growing awareness among business leaders that they can no longer afford to ignore global warming.
Gore, who chairs Generation Investment Management, one of the world’s biggest sustainable investing firms, called the move “extremely disappointing” during an interview in San Francisco. “It’s an irresponsible and shortsighted decision.”