Greening the markets

Environmental risks are increasingly being recognised as important financial issues, but the markets are still some way from rewarding companies for good environmental performance, as Kevin Foster discovers

All truth passes through three stages, believed the German philosopher Schopenhauer: first it is ridiculed, then it is violently opposed and lastly it is accepted as being self-evident.

The attitudes of business towards environmental risk are somewhere between the second and third stage, says Jerome de Bontin, president of Sustainability Investment, a Paris-based firm that applies sustainability issues to asset management. He points to the launch of 80 new sustainable investment funds in

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