L&G launches fund to invest in new FTSE climate index

The UK's largest asset manager will encourage companies to tackle climate change and sell shares in those that do not

The UK's largest asset manager is to use its muscle as an investor to promote a green agenda by urging companies to tackle climate change and selling shares in those that do not.

In a move that echoes a growing belief among investors that climate change poses financial as well as environmental risks, Legal & General Investment Management launched the Future World Fund.