A $90M ESG 'Dragon's Den' competition, as industry faces public reckoning

Taking this approach totally changes the power dynamics in the asset owner [and] asset manager interactions,” said a UK foundation staffer who spoke at the event

Why It Matters

Many Canadian foundations, pension funds and individual investors are trying to align their investments with their values by getting rid of fossil fuels or divesting stocks invested in corporate laggards. But many find it tough to assess whether their investment managers are truly investing in a values-aligned way or just “greenwashing” their portfolios.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"A $90M ESG \u2018Dragon\u2019s Den\u2019 competition, as industry faces public reckoning. \u00a0 This journalism \u200b\u200bis made possible by the Future of Good editorial fellowship covering the social impact world\u2019s rapidly changing funding models, supported by Future of Good, Community Foundations of Canada, and United Way Centraide Canada.\u00a0See our editorial ethics and standards here. Earlier this month, 11 ESG asset managers pitched at a live \u201cDragon\u2019s Den\u201d competition in Montreal, on the unceded lands of the Mohawk Nation, for the chance to invest up to $90 million of the competition sponsor\u2019s capital \u2014 and to prove to funders and the public alike that they don\u2019t \u201cgreenwash.\u201d\u00a0\u00a0 The Great

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