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Asset managers flock to net-zero pledge 21 April 2021
State Street, Russell Investments and US ESG specialist Trillium Asset Management are among 14 new investors signing up for the Net Zero Asset Managers initiative, pledging to hit net-zero emissions by 2050.
The global Net Zero Asset Managers project has now signed 87 investors managing $37 trillion (almost 40 per cent of the total assets under management worldwide).
The asset managers have committed to a net zero by 2050 goal, as well as a 50 per cent reduction in emissions by 2030. Signatories have also pledged to report their progress against the Task Force for Climate-related Financial Disclosures (TCFD) recommendations. Advertisement