How ‘Stewardship’ Aims to Make Passive Funds Greener: QuickTake

What happens when the century’s two biggest investment trends collide? That is, what happens when pressure to make climate change a focus of investment decisions runs into the multi-trillion dollar flow of money into passively managed funds, many of which are locked into holding shares of big carbon emitters? One response has been a new emphasis on the concept of stewardship. The companies that run the largest passive funds (and some active-management peers) call stewardship an organized effort