Investor group makes net-zero carbon pledge to tackle climate crisis
Managers commit to investing only in companies with net-zero CO2 emissions by 2050
Some of the world’s largest investors managing assets worth more than $9tn have committed to investing only in companies with net zero carbon dioxide emissions by 2050 as part of the fight to contain the climate crisis.
Legal and General Investment Management, the UK’s largest investor, and UBS Asset Management are among the signatories to a pledge that they will aim for all companies in their portfolios to be decarbonised by 2050 or earlier.
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