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ESG investors accused of ‘failing’ over Russia

Sustainable finance expert says investors should have learned lessons after annexation of Crimea

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Russia’s invasion of Ukraine has exposed the failings of asset managers and data analytics firms in their assessment of environmental, social and governance risks, according to a senior sustainable finance executive.

Vladimir Putin’s war in Ukraine has prompted some asset managers to stop new investments in Russia, while others have said they will divest from the country when they are able to do so.

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