Adopt Science-Based Climate Targets Or We’ll Divest, Says $6 Billion Fund

Bloomberg Quint

January 31 2020, 5:24 PM February 01 2020, 12:30 PM (Bloomberg) —

Liontrust Asset Management Plc is using its leverage as a shareholder to demand that companies set more ambitious targets for reducing their impact on the climate. The London-based firm, which has more than 5 billion pounds ($6.6 billion) in its sustainable investment funds, is telling the companies in those portfolios to adopt emissions targets in line with the Paris Agreement’s goals on limiting rising temperatures.

And it’s telling firms in fields from education to health care to work with organizations like the Science Based Targets initiative to lend rigor to their plans. Liontrust will use its weight in shareholder votes and the threat of divestment to persuade companies to reduce their carbon emissions to zero, according to a spokeswoman. “We are encouraging them to be bold and raise ambition, because we think that will ultimately make them more successful businesses in a low-carbon economy,” said Mike Appleby, an investment manager at Liontrust. Tiếp tục đọc “Adopt Science-Based Climate Targets Or We’ll Divest, Says $6 Billion Fund”