Are you talking about sustainable/ethical investments? Because that’s straight up incorrect, on average sustainable funds (often called ESG for “ethical, social, governance”) outperform the market. Commonwealth bank, one of Australia’s big four banks would not be making this move to end loans to the fossil fuel industry if it was genuinely going to impact their bottom line.
Are you talking about sustainable/ethical investments? Because that’s straight up incorrect, on average sustainable funds (often called ESG for “ethical, social, governance”) outperform the market. Commonwealth bank, one of Australia’s big four banks would not be making this move to end loans to the fossil fuel industry if it was genuinely going to impact their bottom line.