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By Susanna Rust2021-01-26T17:02:00+00:00 BlackRock will be publishing a temperature alignment metric for public equity and bond funds, where market data is sufficiently reliable, as part of a series of actions to help investors with their climate change-related goals, it disclosed today. In an annual letter to clients, the global executive committee said BlackRock was “committed to supporting the goal of net-zero greenhouse gas emissions by 2050 or sooner” and taking a number of steps “to help investors prepare their portfolios for a net-zero world”. In addition to adopting a temper...

The research found the portfolios of the world’s 30 biggest fund managers are not aligned with the Paris Climate agreement.

US fund managers at bottom of the pile as investors score low on climate goals US fund managers are still lagging behind their European peers in putting pressure on companies and ensuring their investments align with climate change targets, a new report has claimed. by Reporter 14/01/2021, 12:01 am Emissions rise from the Royal Dutch Shell Plc Norco Refinery in Norco, Louisiana, U.S., on Friday, Feb. 9, 2018. Luke Sharrett/Bloomberg Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to o...

The world’s top 30 fund managers, collectively holding US$50 trillion in assets, get mixed marks on steering the global economy into alignment with the targets set in the Paris climate agreement, an annual report released yesterday said. The assessment from London-based think tank InfluenceMap graded investment giants across three criteria: support for climate-related shareholder resolutions, the “greenness” of portfolios and engagement with the companies in those portfolios. “Given the huge influence these asset managers have over the global economy, it is vital they take action to en...

Funds industry called out over role in fighting climate change The asset management industry’s role in the future of the planet has come into question again following the publication of two reports calling out firms for acting too slowly on climate targets.  One study by thinktank InfluenceMap stated that the portfolios of the world’s 30 largest fund managers, which collectively hold around $50 trillion (€56.1 trillion) in assets, continue to be misaligned with the sustainability goals laid out by the Paris Agreement. Urgent action is required in order to drive change in key climate-ri...