Yesterday (7 November) the Investment COP started, a side event to COP26, that had what Hans Stoter, global head of AXA IM Core, called an “interesting combination” of asset managers, asset owners and companies.
Talking to Investment Week early on in the event he spoke candidly about the current state of the sector and its progress to committing to net zero and fighting climate change. "The biggest challenge that we, as asset managers, face is that we still have a lot of firms simply saying, our fiduciary duty is to get the highest possible return for our clients. Full stop," he said. Major asset managers disclose interim net zero targets as COP26 gets under way AXA IM, on the other hand, has taken the view that its fiduciary duty is to deliver the highest possible return "while delivering...
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