Funds managing $2 trillion urge cement makers to act on climate impact

LONDON (Reuters) - European funds managing $2 trillion (1.6 trillion pounds) in assets called on cement companies to slash their greenhouse gas emissions on Monday, warning that a failure to do so could put their business models at risk.

With the extreme weather and natural disasters associated with climate change intensifying around the world, some asset managers are ramping up engagement with heavy polluters to demand a faster transition to a cleaner economy.