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Fund managers’ net-zero path ‘irrevocably flawed,’ study finds

Most asset managers that promised to eliminate their financed emissions by 2050 have failed to submit plausible plans toward achieving that goal, according to a fresh analysis of the process.

Photo: PIROSCHKA VAN DE WOUW/REUTERS / X06750

“Pledges submitted to the Net Zero Asset Managers Initiative (NZAMI) are inadequate, and only commit most members to reduce a small percentage of greenhouse gas emissions,” environmental think tank Universal Owner said in a report published Tuesday. Overall, the target-setting “process is irrevocably flawed and fails to commit asset manages to act on emissions,” it said.

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