November 21, 2012 11:41 pm

Institutional investors keep their heads

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Few manage to be green and cuddly

From Ms Jessica Cassey.

Sir, Steve Johnson confuses green with cuddly (“The virtuous don’t always win”, FTfm, November 12). Institutional investors are rarely encouraged to invest in “flaky and volatile” technology companies such as Vestas. They are frequently, however, encouraged to cold-heartedly consider a company’s successful management of environmental, social and governance dynamics as a long-term value driver – particularly in a global economy constrained by the overuse and pollution of its resources.

As for doing “the right thing”, governments would save more cash cutting back on fossil-fuel subsidies than on those for renewables, tidily also reducing the environmental and health costs of incessant combustion of coal and oil.

Jessica Cassey, London E2, UK

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