Only 22% of asset managers have 'credible' net zero plan despite 81% pledging targets

31% cannot produce integration example

Only 22% of asset managers have credible plans to support their net zero commitments, according to research from XPS Pensions Group.

The Investment Fund ESG Rating Review 2022 survey revealed a significant rise in the number of fund management groups pledging to become net zero by 2050, with 81% now having such a commitment in place versus only 41% the previous year. 'Keep stepping up': Race to Zero raises the bar for 'net zero' investors However, the report, which surveyed 63 asset managers to understand their current approach towards incorporating ESG and climate change risk, found that despite the encouraging development, only two in ten groups could demonstrate a credible plan within specific funds to meet the...