ShareAction issues industry guidance to hold asset managers to climate pledges

RI Standards and Expectations

ShareAction has released the first in a series of responsible investment guidance in a bid to drive accountability across institutional investors over the adverse real-world impacts of their investments.

The campaign group launched a new definition of 'responsible investment' last week (4 July), citing the need for a "step change in ambition" from investors to halt further climate breakdown. The manuals released today (10 July) set out standards and expectations for asset managers - the Responsible Investment Standards and Expectations (RISE). According to ShareAction's new definition, responsible investment should be "a transparent approach, embedded throughout the investment process, that takes the positive and negative impacts on people and planet as seriously as financial risk and re...