More than two-thirds of the $36trn of assets held by some of the world’s largest asset managers are being managed by responsible investment "laggards" and poor performers, while the industry currently has no stand-out leaders in the space, research shows.
Pressure group ShareAction's Point of No Returns report, published on Monday (9 March), reveals the extent to which 75 of the world's largest asset managers are failing to demonstrate leadership with regard to the risks and opportunities presented by climate change. The assets held by the "laggards" - the very worst performers showing the weakest responsible investment performance - are greater than the combined GDP of the US and China, with half of the firms surveyed showing a "weak" approach to responsible investment and 17% showing a "limited" approach. ShareAction's report found t...
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