Virgin launches new green fund
21st January 2008
Virgin Money is launching a green fund which will invest only in companies committed to high environmental standards.
To launch Virgin Climate Change Fund, Virgin teamed up with GLG Partners, who will act as fund advisors, and Trucost PLC, who will provide environmental data.
“Consumers are changing the way they spend and are increasingly looking for more environmentally friendly ways of investing their money,” said Richard Branson. According to research from Virgin Money, 29 percent of consumers prefer products and services from environmentally-friendly companies, and 68 percent said if data were available on a company’s carbon footprint, they would pay more attention to the issue.
