Post by Charlie Armstrong ACSI

6 of the world's largest investors urge key Asian firm's to set climate targets in line with the Paris Agreement 🌍 Six global investors with a combined AUM of $4 trillion, supported by Singapore-based advisor Asia Research & Engagement (ARE), have said that they will step up engagement with big Asian companies like banks and energy producers to ensure they have a road map to meet climate change targets. The investor group will encourage largescale energy and utility companies to commit to concrete actions like exiting from carbon-intensive fossil fuel investments and to bring their businesses in line with Paris Agreement targets. In the statement, Mirza Baig, Global Head of ESG Investments at Aviva Investors, said in the statement: “Over the past year we have seen encouraging developments in sustainability-related business practices and policies, such as a raft of net zero announcements,” - “In reality, there is still a stark mismatch between where we are today and what is required to ensure that the objectives of the Paris Agreement (on climate change goals) are met,” - “There is a huge opportunity for Asian companies to take the lead in tackling the climate emergency.” The six investors include BMO Global Asset Management (EMEA), Fidelity International, PGGM, Local Authority Pension Fund Forum (LAPFF), Aviva Investors and Legal & General Investment Management (LGIM). Read the full story below! #PEInsights #privateequity #investment #esginvesting