ESG: ‘We Can’t Just Flick a Switch and Turn Fossil…

From Morningstar: 2024-04-03 06:47:00

Tineke Frikkee, Head of UK Equity Research at Waverton, discusses the U.K. economy’s progress. Inflation has fallen to 3.4%, better than the double digits prior. Employment remains strong but economic growth is needed. Brexit has caused some disruption, with only a few new trade agreements established. Political stability is crucial for growth.

In anticipation of the U.K. elections, both Labour and Conservative parties promise stability. Labour may push for energy transition and smoother planning processes. The U.S. invests in infrastructure through tax incentives. AstraZeneca, a top holding for Waverton, is seen as a growth company with diversified sales across therapeutic indications and geographies.

AstraZeneca’s acquisition of fusion pharmaceuticals aligns with its focus on precision medicine and targeted therapies. The move into radiotherapy complements their existing oncology portfolio. Investing in companies like Shell and BP is crucial for the energy transition. Transformation of these companies is necessary to drive change towards a greener future.



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