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Environment & Energy Report

Climate Skeptic Asset Managers Face Pressure to Reveal Donations (1)

Feb. 14, 2020, 10:11 PM

Harris Associates, the $120 billion money manager, formally joined in the responsible investing trend a year ago, pledging to press companies to disclose how climate change and social issues affect their bottom line.

David Herro, Harris’s deputy chairman and an investment chief, would arguably play a key role in the effort to align its investments with environmental concerns. Having made his name in the value-investing discipline pioneered by Warren Buffett, Herro isn’t shy about pressuring C-suite executives. (Just ask Credit Suisse, Akzo Nobel and Glencore, to name a few).

But that’s where things might get awkward. Herro told the...

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