Warren Buffett becomes litmus test for ESG investors
Asset managers plan to vote against boards of companies that lack a climate strategy
Warren Buffett is feted as the world’s most successful investor. Yet on one measure, Berkshire Hathaway is the worst-performing public company in Europe and North America.
The conglomerate that Buffett has run for 50 years is the only US or European stock on a list of 159 major polluters that has no strategy to combat climate change. It is also the only company on the list compiled by Climate Action 100+, the biggest investor network focused on climate change, that does not make any public
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