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February 28, 2023

World’s largest asset managers have ‘serious gaps’ in ESG policies, says ShareAction

Coral reef fish, biodiversity
Five of the world’s biggest asset managers are struggling on biodiversity, according to ShareAction. (Photo: Saad Alaiyadhi/Pexels)

A global study has found that most large asset managers are failing to invest “in a way that will protect climate, biodiversity and people”.

Two-thirds of the asset managers surveyed by climate campaigner ShareAction, managing a total of $60tn, had “serious gaps in their responsible investment policies and practices” in at least one of the areas addressed in the study.

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