World's largest asset managers accused of failing to invest responsibly

ShareAction report

Valeria Martinez
clock • 2 min read

BlackRock, Vanguard, Fidelity, State Street Global Advisors and other global asset managers controlling over £77trn in assets have been accused of “treading water” on environmental and social issues.

ShareAction's Point of No Returns report, which ranks 77 major asset managers from best to worst in a league table, found that two-thirds of firms surveyed scored a CCC rating or worse. The study assessed whether investment policies meet basic responsible criteria, including on climate, biodiversity, social, governance and stewardship. It found "serious gaps" in their responsible investment policies and practices. "A majority of the world's largest asset managers are failing to meet even basic criteria, let alone take the steps needed to help protect people and planet for generations ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

Boring Money's Holly MacKay: Sustainable fund label bingo
ESG

Boring Money's Holly MacKay: Sustainable fund label bingo

'Time for a rethink'

Holly MacKay
clock 25 October 2024 • 5 min read
ESG adoption in EMEA hits 'all-time high' amid global political and economic headwinds
ESG

ESG adoption in EMEA hits 'all-time high' amid global political and economic headwinds

Capital Group’s ESG Global Study

Sorin-Andrei Dojan
clock 23 October 2024 • 3 min read
Wealth managers and advisers say FCA's sustainability labels 'to boost trust'
ESG

Wealth managers and advisers say FCA's sustainability labels 'to boost trust'

Sustainability Focus most likely to be used

Sahar Nazir
clock 21 October 2024 • 2 min read
Trustpilot