What does the industry need apart from pledges?

Six experts weigh in

Asset managers have announced their support in the transition to net zero by signing the Net Zero Asset Managers Initiative and the Deforestation pledges. Kathleen Gallagher asks industry participants if they think these pledges are the best mechanism for the asset management industry and what else they would like to see.

Andrew Milligan, board adviser, Devlin Mambo Consulting Carbon tax system In the run-up to COP26 it was de rigeur for any company of note to publicise its climate action plan, reassuring customers, media and the regulators. Cajoled by the likes of Mark Carney, the asset management sector has gone further than many, for example with its carbon neutral and deforestation pledges. These should be seen as necessary but not sufficient. Deforestation, for example, is only one of a multitude of alarming environmental problems facing the planet.  Where are the pledges from the asset manageme...