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Asset managers fail to meet responsible investment standards, says ShareAction | News

ShareAction has found that 87% of asset managers assessed for a new report have failed to meet even half of a set of key responsible investment standards, describing the lack of progress as “shocking”.

The world’s largest asset managers are failing to respond effectively to global climate and social crises, according to ShareAction, who say the industry is turning a blind eye to the destruction of the planet as progress stagnates on responsible investment.

ShareAction set 20 standards that asset managers are expected to achieve and found that just 10 out of 76 asset managers met more than half of them.

The fifth edition of Point of no returns report ranks 76 of the largest players in the market, who collectively oversee more than $80trn (€70trn) assets under management, on whether they meet achievable responsible investment standards.

Overall, the report found significant…

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