Half of leading investors ignoring climate change: study
▻http://www.reuters.com/article/us-climatechange-investors-idUSKCN0XS1NO
Almost half of the world’s top 500 investors are doing nothing to address climate change through their investments, a study showed on Monday.
A report by the Asset Owners Disclosure Project (AODP), a not-for-profit organization aimed at improving the management of climate change, found that just under a fifth of the top investors - or 97 managing a total of $9.4 trillion in assets - were taking tangible steps to mitigate global warming
These include investing in low polluting assets or encouraging the companies they invest in to be greener.
A further 157 investors managing a total of $14.2 trillion were taking “first steps” towards addressing climate change, while 246 managing $14 trillion were doing nothing at all, the report said.