Investec Asset Management wants companies to be more responsible for their products
Investec Offices in Sandton, Johannesburg. Picture: GALLO IMAGES/CHARLES GALLO
Investec portfolio manager George Cheveley confirmed the request, saying Investec had asked for data on gold because it had a “significant interest” in the companies. Historically, the gold sector has been plagued by concerns about the use of gold in fuelling conflict and laundering money. Scope 3 emissions caused by the use of oil in transport and iron ore and coking coal to make steel are far greater than from the gold sector, though those industries say their products are vital to society.
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