With a quarter of global funds under management run with these ESG considerations, according to consultancy McKinsey, and many money managers signatories to the UN Principles of Responsible Investment, the whole sector risks becoming an investment wilderness. According to research by Morgan Stanley, 80 per cent of Vale’s top-20 investors and 64 per cent of its top-50 are signatories to the UN Principles of Responsible Investment, which means they must incorporate ESG factors into their investment processes. Glencore declined to comment on the share sale by Sarasin but said it supported the development of green technology and recognised global climate change science. ...investors face a conundrum, as these big diversified miners also produce the copper, cobalt, nickel and lithium that will be needed as the world’s shifts to cleaner forms of energy and transportation.