Investment managers are losing patience with corporate foot-dragging on key ESG metrics, and are starting to see legal action as the logical next step, according to the head of Britain’s biggest sustainable finance association.

“Investors are frustrated at the pace of progress in many of the larger corporates, for example fossil fuel companies,” James Alexander, chief executive of the UK Sustainable Investment and Finance Association (UKSIF), said in an interview. “There is a real appetite for using litigation.”

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