Two-thirds of 77 asset managers surveyed, which control $60-trillion of assets, had ‘serious gaps in their responsible investment policies and practices,’ the group found
Global asset managers controlling trillions of dollars are failing to invest in a way that will protect climate, biodiversity and people, despite efforts by the industry to promote its sustainable finance credentials, the corporate responsibility group ShareAction said on Sunday.
Yet, two-thirds of 77 asset managers surveyed, which control $60-trillion of assets, had “serious gaps in their responsible investment policies and practices,” the group found based on an analysis of their policies. “As managers of tens of trillions of dollars … their decisions have a vast impact all over the world. … there remains a lack of ambition to drive real-world improvements,” said Claudia Gray, head of financial sector research at ShareAction.
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