The biggest asset managers in the world are failing to invest in accordance with the climate change goals set out by the Paris Agreement, according to a report published today by Influencemap.
Influencemap is a newly launched platform that examines the asset management sector through a climate lens, looking at their portfolios, investor engagement and shareholder resolutions. The 15 largest asset managers globally, which collectively manage $37trn in assets across all asset classes, are "between 16% and 21% deviated from a Paris Aligned target", the report has shown. This means they are investing more heavily in so-called "brown technologies" rather than "green technologies" in four key industries contributing to climate change: automotive, oil and gas, electric power and c...
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