Thirty of the largest asset managers in Europe and the US do not have sufficiently robust policies to encourage the companies in their portfolios to stop developing new fossil fuel projects. These are the findings of the 2023 analysis of asset managers’ climate action. Asset managers are breaching their climate commitments through their investments, particularly by purchasing bonds that have been issued recently by some of the biggest fossil fuel developers.
Who's Managing Your Future?
An assessment of asset managers’ climate action
Lara Cuvelier, Casey Harell, Jessye Waxman et al.
Herausgeber: Reclaim Finance, urgewald e.V., Sierra Club, The Sunrise Project