Investors with $4 trln assets aim to tackle Asian firms on climate change goals

by Siddhi Ashar, Oct 20
1 minute read

Six investors with a combined $4 trillion of assets under management aim to step up engagement with major Asian banks, and energy producers to shape their climate commitments and encourage a rapid shift from fossil fuels.

person holding pencil near laptop computer

The six investors include BMO Global Asset Management EMEA, Fidelity International, Dutch pension fund PGGM, Britain-based Local Authority Pension Fund Forum (LAPFF), Aviva Investors and Legal & General Investment Management.

So what?

Environmental, social and corporate (ESG) governance has seen a surge in interest from investors and asset managers. They can better manage risk for their clients, keeping in line with climate targets.

With a growing focus on net-zero targets, business practices need to match the Paris Agreement goals. Some steps have included backing activist shareholder resolutions and voting on board members and remuneration.

So far, there has been a stark mismatch between what is needed and what is being done. Will Asian companies lead by example in tackling the climate crisis?

Sources

Investors with $4 trln assets aim to tackle Asian firms on climate change goals https://www.reuters.com/article/investment-esg-asia-idUSKBN2GP03C

Details

Location: Asia
Other Tags: Decarbonisation ESG Green finance

by Siddhi Ashar Spotted 48 signals

With a background in international studies and filmmaking, Siddhi works with the Futures Centre team to creatively push our current imaginaries and create more positive visions of futures rooted in equity. Her works centers around challenging common narratives and working agilely to bring forth more representative ones. Through her role at the Futures Centre, she focuses on the answering the question, how can better climate communication and visioning help stakeholders work together and act intently, empathetically and urgently?

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