ESG & Investing
JPMorgan Investment Arm Purges Its ESG Funds of Adani Stocks
- BlackRock, DWS among firms still in Adani via MSCI ESG indexes
- MSCI says it hasn’t changed any ESG ratings on Adani stocks
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The asset management unit of JPMorgan Chase & Co. has wiped its ESG portfolios clean of their exposure to the Adani empire.
The move, captured by an analysis of data compiled by Bloomberg, comes as a number of major investment firms such as BlackRock Inc. and the fund management unit of Deutsche Bank AG, DWS Group, continue to sit on Adani stakes in ESG funds that track indexes offered by MSCI Inc.