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THE ASSET MANAGERS FUELING CLIMATE CHAOS
The 2022 scorecard by Reclaim Finance finds that 30 of the world's largest asset managers hold US$ 550bn in major fossil fuel developers and generally fail to restrict investments in new coal, oil, and gas projects. Despite many pledging carbon neutrality by 2050, the report argues their engagement policies are 'toothless,' lacking clear demands for absolute emission reductions or the cessation of new supply projects. Passive investment is highlighted as a significant loophole, with most managers failing to apply exclusion rules to their passive portfolios.
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Document type: Report
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