Bloomberg Tax
Nov. 23, 2021, 7:00 AM

Asset Managers Are Struggling to Find a Path to Net Zero

Alastair Marsh
Alastair Marsh
Bloomberg News

Fund managers are more concerned with climate change than any other parameter in environmental, social and governance investing, but also lack the tools to properly address the challenge, according to a survey by Macquarie Asset Management.

In a global study of real asset investors managing a combined $21 trillion, 55% identified climate change as the ESG risk they give the highest priority. By comparison, just 5% said they prioritized diversity and inclusion. At the same time, the survey also revealed that only 47% actually track portfolio emissions, while 16% said they don’t even plan to do so.

Though fund ...