(Bloomberg) -- More than two-thirds of passive funds marketed as sustainable are helping finance growth in the fossil-fuel industry, a trajectory that the International Energy Agency has said is incompatible with limiting global warming to the critical threshold of 1.5C.Most Read from BloombergTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesUltra-Wealthy Are Souring on Chicago’s Most Elite NeighborhoodWhat Happens
There are some ESG funds which do not invest in fossil fuels. You need to actually look for that in their prospectus though.
https://fossilfreefunds.org/ is an excellent tool to discover ESG funds that actually divest from fossil fuels.