One of the world’s biggest banks, JP Morgan, has promoted environmental and “sustainable” funds to customers which have invested more than £200m in the mining giant Glencore, it can be revealed.
Ethical investing has become big business for JP Morgan and other financial giants, with worldwide “sustainable” investing expected to surpass $40tn by 2030. But the industry now faces scrutiny over the rules around investments focusing on environmental, social and governance (ESG) issues.
