Blue and Green: The US-based firm Pax World Management has announced that it has fully divested one of its funds from fossil fuel companies, meaning it now has two fossil fuel-free funds on offer.
The firm announced on Thursday that the Pax World Growth Fund (PXWGX) will now pursue a fossil fuel-free investment strategy, replacing such investments with holdings in high-impact companies developing solutions to sustainability challenges.
Examples include hybrid engine developers Valeo and Gilead Sciences, a...