Climate advocacy of biggest insurers and pension funds under fire
Analysis finds a lack of stewardship on climate policy engagement among the world’s largest asset owners.
The world’s largest insurers and pension funds are failing to use their influence to promote climate action, even though the majority – 22 out of 30 – have set net zero commitments, new analysis has found.
In principle, the combination of asset owners’ long-term investment horizons and their influential position in the financial system make them potentially powerful advocates for government policy to achieve international climate goals.
