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World’s largest asset managers failing to influence companies on climate change

Asset managers overseeing $37tn are failing to use their influence to encourage carbon-heavy companies to meet global targets for reducing emissions. A recent report by British think-tank InfluenceMap showed that only a handful of smaller UK and US companies are strongly and consistently engaging with companies to align their business models with Paris agreement targets.

The report comes as global asset managers continue to talk up their ability to hold companies to account over climate change and other environmental, social and governance matters, as their pension fund clients demand action.