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The 15 largest asset managers are "between 16% and 21% deviated from a Paris Aligned target", according to the report
The biggest asset managers in the world are failing to invest in accordance with the climate change goals set out by the Paris Agreement, according to a report published today by Influencemap.
Influencemap is a newly launched platform that examines the asset management sector through a climate lens, looking at their portfolios, investor engagement and shareholder resolutions. The 15 largest asset managers globally, which collectively manage $37trn in assets across all asset classes, are "between 16% and 21% deviated from a Paris Aligned target", the report has shown. This means they are investing more heavily in so-called "brown technologies" rather than "green technologies" in four key industries contributing to climate change: automotive, oil and gas, electric power and c...
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