Major asset managers disclose interim net zero targets as COP26 gets under way

35% of AUM managed in line with achieving net zero emissions by 2050

Over 40 asset managers have disclosed their interim targets to achieve net zero by 2050, with some setting shorter-term targets to reduce emissions across their portfolios by 2025, the Net Zero Asset Managers Initiative announced on Monday (1 November).

Signatories to the initiative have said that 35% of their total assets under management - representing a combined $4.2trn out of a possible $11.9trn - is being managed in line with achieving net zero by...