Investor group calls for banks to set tougher climate targets


FILE PHOTO: Smog is seen near transmission towers in Bedzin, near Katowice, Poland, December 5, 2018. REUTERS/Kacper Pempel/File Photo

LONDON (Reuters) - A group of investors managing $11 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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