Huge investor group adopts Net Zero goal

Crowd cycling China green transport from Alamy 28Mar21
By Jon Hay
29 Mar 2021

The financial markets’ stance on climate change has taken a stride forward as 43 asset managers with $23tr of assets including some of the biggest such as BlackRock and Vanguard have joined the Net Zero Asset Managers’ Initiative. A critical mass of investors is now committed to reducing carbon emissions in their portfolios to zero, meaning that companies can be in no doubt which way they have to go if they want to maximise their potential investor base.

Analysis suggests the behaviour of companies in major equity indices implies the world suffering a further 3°C or 4°C of global warming, which could end civilisation.

How sharply the investor group can influence markets and the economy to change to a safer path will depend on how they interpret ...

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