Invesco Joins JPMorgan, Pimco Exiting Climate Group CA100+

Invesco Ltd. became the latest asset manager to quit the world’s largest investor group on climate change.

The Atlanta-based money manager said in a statement it’s withdrawing from Climate Action 100+ because it believes “our client interests in this area are better served through our existing investor-led and client-centric issuer engagement approach.”

Invesco is the fourth US fund manager to leave CA100+ in the the past few weeks, following JPMorgan Asset Management, State Street Global Advisors and Pacific Investment Management Co.

A spokesman for CA100+ said the initiative “continues to have the backing and support from hundreds of investors globally.” ...