Investor pressure group urges G20 to reform agricultural subsidies
A group of 32 investors managing $7.3 trillion in assets have urged the G20 group of wealthier countries to align agricultural subsidies with their climate and nature goals by the end of the decade, a statement seen by Reuters showed. The group, which includes Britain's biggest asset manager Legal & General Investment Managers and the fund arm of BNP Paribas, issued their first ever call to the countries' finance chiefs ahead of a G20 summit in September in India. The intervention marks the first time investors have grouped together to tackle global subsidies in this way, they...