A combination of factors drove Anchor’s increased focus on the utility sector and renewable energy space. First, after the Paris Agreement was signed in 2016 we observed a major shift in sentiment and a heightened global response to reducing carbon emissions. The stock prices of companies in certain industries like energy and utilities – that have higher than average carbon emissions – started to underperform. Second, in 2020 Anchor became a United Nations Principles for Responsible Investment (UN PRI) signatory, formalized our ESG Investment Policy, and started quantifying ESG metrics for our Anchor portfolios. As a result, we started looking into…
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