UK fund Brunel gets tough on firms and asset managers


Policymakers such as outgoing Bank of England governor Mark Carney(pic) are pushing investors to do more to ensure their portfolio choices help to meet the 2015 Paris Agreement to combat climate change, by limiting warming to well below two degrees Celsius, preferably to 1.5°C.

LONDON: Companies and asset managers must show progress towards climate goals by 2022, Brunel Pension Partnership, one of Britain’s biggest pension fund managers, said yesterday, or the fund would withdraw its investment.

Policymakers such as outgoing Bank of England governor Mark Carney are pushing investors to do more to ensure their portfolio choices help to meet the 2015 Paris Agreement to combat climate change, by limiting warming to well below two degrees Celsius, preferably to 1.5°C.

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