Andrew Freedman Quoted in The Deal on the TCI Urging Carbon Disclosures in New ESG Push
Andrew Freedman, Co-Head of Olshan’s Shareholder Activism Practice, was quoted in the Deal regarding the recent push by TCI Fund Management Ltd. for certain corporations to provide climate transparency. This action comes after an increase in environmental, social and governance-focused investment vehicles. Andrew explained, “There’s high demand these days for ESG-base investment vehicles.” He continued, “TCI’s position vis-à-vis climate change shows there is a growing confluence between philanthropy and investing. Large money managers now have a means to ‘practice what they preach’ through these ESG initiatives.” Although the true intent of why TCI is demanding climate transparency can be debated, it’s clear that they are willing to keep their investors satisfied.