According to an article on Morningstar, which South Pole Group posted on its website, the Clean Capitalist Decarbonizer calculator analysed the investments of 14 international funds totally USD 1 trillion in assets. It determined that these funds lost well over USD 22 billion over the past three years by not divesting from fossil fuels.
Maximilian Horster, director of financial services at South Pole Group emphasises the accuracy of their tool: “Our wide coverage with over 40,000 considered companies and our methodology with over 800 approximation models guarantees the accuracy and pertinence of the Clean Capitalist Decarbonizer.”