Large US fund houses pollute more than European peers

MSCI research

Large European asset managers have been less carbon-intensive than their US peers, according to research by fund ratings firm MSCI.

Overall, however, the anonymised findings raised questions about the sustainability of all large asset houses, despite their stated aims. The report, Footprinting the World's Largest Asset Managers, looked at the world's 10 largest asset managers and highlights the need for those with net-zero commitments to assess their entire book of assets to have a baseline for target setting. This is also necessary to monitor progress, alongside engagement and decarbonization efforts. Net Zero Asset Managers alliance approaches 300 members Bigger was not found to be better for environmental...