JPMorgan Among Investors Demanding More Corporate Action on CO2

July 30, 2021, 10:08 AM

Investors representing $14 trillion of assets under management have agreed to step up pressure on companies to fight global warming.

The group of 53 investors and asset managers, including JPMorgan Asset Management and GAM Investments, is setting a “new baseline” for the net-zero transition plans they want companies to adopt, according to a statement Friday from the Institutional Investors Group on Climate Change (IIGCC).

The demands come as global warming triggers a steady wave of extreme weather events, including deadly floods in Germany, India and China, and wildfires across large parts of the U.S. IIGCC said the investor demands ...

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