(Financial Times) Institutional investors with $1.5tn in funds have told asset managers to step up on climate action or risk being dumped, in a sign of a split in the investment industry over how to deal with the financial risks of global warming.
A group of 26 financial institutions and pension funds from Australia to the US, including Scottish Widows, the People’s Partnership and Brunel Pension Partnership, have asked their asset managers to more actively engage with the companies they are invested in about their climate risk.
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