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Laxman Pai, Opalesque Asia: Europe's largest asset managers are outperforming their U.S. counterparts when it comes to the carbon intensity of their investment portfolios, said a study.
However, the new research from MSCI, which looks at the carbon emissions of the assets under management of the 10 largest global asset managers found that the difference was 'marginal'.
MSCI also found that the largest firms by assets under management had larger financed emissions, particularly among the U.S. fund managers studied.
"We found that assets under management were proportional to larger financed emissions. This was particularly true at U.S. fund managers in our peer group, where each USD trillion invested led to an extra 10-20 tons of CO2," said the study.
Asset managers with net-zero commitments may want to assess their entire book of assets to have a baseline for target setting and to be able to monitor alignment progress, alongside engagement and decarbonization efforts.
Those top 10 managers - seven in the U.S. and three in Europe - had more than $25 trillion in assets and represented nearly 25% of investments funds globally as of Sept. 30.
Asset managers globally are increasingly acknowledging the need to accelerate the transition towards net-zero emissions and the key role they have to play in delivering on the goals of the Paris Agreement.
Coalitions such as the Net Zero Asset Managers initiative (NZAM) and Glasgow Financial Alli...................... To view our full article Click here
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