LONDON: A group of investors managing US$11 trillion (RM45.38 trillion) in assets has called on banks to set tougher emissions targets ahead of a meeting of world leaders aimed at accelerating efforts to fight climate change.
The group, which includes Pimco, the world’s biggest bond investor, and Britain’s biggest asset manager, Legal & General Investment Management, said they wanted lenders to set “enhanced” pledges to decarbonise their lending books.
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