Asset owners call on investors to ‘raise the bar’ on climate stewardship
"A strong collective principle-based signal to our asset managers as to what we expect of them."
A coalition of asset owners representing US$1.5 trillion have released guidance to help investors “raise the bar” on climate stewardship through better collaboration.
The statement, signed by 26 pension funds led by The People’s Pension, Brunei Pension Partnership and Scottish Widows, calls on asset managers to “develop and evidence an independent robust stewardship strategy that addresses the urgency of action needed on climate-related risks and builds resilience into financial markets”.
