‘Warren Buffett of the UK’ to “reduce carbon” to companies

Input 2021.01.31 09:04 | Revision 2021.01.31 09:05

British billionaire investor Christopher Horn has urged companies around the world to’join in reducing carbon emissions’.

According to the Wall Street Journal (WSJ) on the 30th (local time), Horn plans to pressure at least 100 of the companies in the Standard & Poor’s (S&P) 500 to tackle climate change by the end of next year. If companies don’t voluntarily, they put pressure on shareholder voting.

Horn is the founding site of TCI, a hedge fund investor. It is reported that TCI recently sent a’shareholder resolution on carbon emission reduction’ to Alphabet, Google’s parent company. Union Pacific, the leading freight railroad company in the United States, and Monster Beverly, an energy drink maker, also received shareholder resolutions from a non-profit organization related to Horn.

Union Pacific said to TCI that “we are discussing the matter with our shareholders” and “we are still investing in the environmental and social fields.” Alphabet and Monster Beverage have yet to enter.

According to Bloomberg, Horn earned more than $1.9 billion in 2019 alone, earning the nickname “Warren Buffett of the UK”. In this year, the individual funds managed by Horn exceeded 40%. Forbes estimated that his net worth last year would reach 5 billion dollars (about 5.6 trillion won).