The asset management industry is failing to identify and manage the impact of investee companies on biodiversity, according to the latest analysis from ShareAction.
The report found that not one of the 75 asset managers, with assets under management equivalent to over half the total global GDP, has a dedicated policy on biodiversity risks and impacts covering all portfolios. Asset managers failing to lead the way on responsible investment A majority of firms (68%) had no public investment policy which references biodiversity, although 11% have published responsible investment or engagement policies adopting a clear stance regarding biodiversity and outlining "general expectations" for investee companies. Meanwhile 21% reference the issue in so...
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