UK’s biggest fund manager expands assets blacklist due to climate concerns

Legal & General Investment Management is expanding the universe of assets it blacklists due to climate concerns, as it warns portfolio companies that time is running out to clean up their acts.

By Alastair Marsh / Bloomberg

LGIM, the UK’s biggest fund manager with USD 1.5trn in client assets, says its exclusion list now applies to funds with almost GBP 158bn (USD 200bn), in a statement on Thursday. Its latest divestments were from Air China Ltd. and Cosco Shipping Holdings Co., it said.

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UK’s biggest fund manager expands assets blacklist due to climate concerns

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Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

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New Nordic high yield manager keeps attracting inflows

KLP excludes US construction supplier over Gaza connection

Swedish FSA fines church pension fund for failing to limit investment risks

Danish pension fund drops drilling platform investments

Expansion of Nordic team has paid off: Inflows to all core products for US manager

Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager