Fund managers with $9trn in assets make net zero carbon pledge

Initiative seeks to hit target-based net zero goal by 2050

Thirty of the world's largest investors, managing assets worth over $9trn, have set a goal of achieving net zero carbon emissions across their investment portfolios by 2050 as part of the fight to contain the climate crisis.

Fidelity International, Legal & General Investment Management, Schroders, UBS Asset Management, M&G, Wellington Management and DWS are among the signatories to a pledge that they will aim for all companies in their portfolios to be decarbonised by 2050 or earlier. "The transition to net zero will be the biggest transformation in economic history and we want to send a clear signal that there is simply no more time to waste," said David Blood, who co-founded Generation Investment Management with former US vice-president Al Gore. HANetf and iClima Earth partner for carbon avoidance ETF ...