Large investment companies exit climate change investor initiative

  • 📰 brieflyza
  • ⏱ Reading Time:
  • 31 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 68%

Business Nouvelles

Investment,Companies,Climate Change

JPMorgan Asset Management and State Street Global Advisors have exited Climate Action 100+, while BlackRock is scaling back its work with the group.

A pair of large investment companies with nearly $7 trillion in assets, said Thursday they exited a climate change investor initiative that aims to pressure companies to quickly cut carbon emissions. JPMorgan Asset Management, which manages $3.1 trillion in assets, has not renewed its membership in Climate Action 100+, saying through a spokesperson that it will oversee its stewardship on climate change with companies with its bank staff.

A second large asset manager, State Street Global Advisors, with $3.7 trillion, also dropped out, saying Climate Action's approach"will not be consistent with our independent approach to proxy voting and portfolio company engagement," according to a statement. BlackRock, the world's biggest asset manager, is also scaling back its work with the group, a spokesperson confirmed. Launched in 2017, Climate Action 100+ aims to work with companies to halve their greenhouse gas emissions by 2030, through governance reforms, the elimination of emission through the value chain and enhanced disclosur

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 10. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Interview with Keith McLachlan, Chief Investment Officer at Integral Asset ManagementIn this podcast episode, Ryk van Niekerk interviews Keith McLachlan, the chief investment officer at Integral Asset Management. They discuss Keith's background and his role at the company.
La source: Moneyweb - 🏆 5. / 77 Lire la suite »

Market Moves, US Inflation, and Obscure Asset Classes Discussed by Chantal MarxChantal Marx of FNB Wealth and Investments discusses the day’s market moves, US inflation and its impact on future interest rate decisions, investors turning to obscure asset classes, Richemont, and resources having a bad day.
La source: Moneyweb - 🏆 5. / 77 Lire la suite »