FCA tells asset managers to challenge companies on climate
A few serious attempts to change behaviour beats lots of shallow attempts, says UBS’s investing arm
Asset managers have a duty to reduce the greenhouse gas emissions of companies that are not already on track to reach net zero, according to a senior manager at the UK’s markets regulator.
“An investor either needs to inject capital into new, purposeful and impactful projects, or use active-investor stewardship and influence to drive meaningful change in investing companies’ strategies,” said Mark Manning, the Financial Conduct Authority’s sustainable finance technical specialist, at Risk.net’s
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