The Fundsmith founder has criticised the extent of Unilever’s sustainability agenda, but investors need to get with the programme or be left behind, writes Luke Tugby.
Some investors just don’t quite get it yet, do they?
At a time when a number of major institutional investors are reshaping their portfolios towards ethical and sustainable businesses – and lenders are offering companies new credit facilities linked to their ESG progress – others are seemingly yet to comprehend the true value of the green pound.
Terry Smith, the founder of Fundsmith, would appear to be one of those. The veteran fund manager took a swipe at consumer goods titan Unilever over its sustainability strategy.
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