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BlackRock and Amundi, two of the world’s largest investors, have scored poorly when it comes to public disclosure of their greenhouse gas emissions. This is an embarrassing result for the asset management giants, as they are piling pressure on corporations to tackle climate change risks.
According to data from Arabesque S-Ray, an analysis firm, the duo are among a cohort of investment managers, including Franklin Resources and Janus Henderson, that are failing to disclose whether they are on track to meet ambitious climate change targets set by world leaders in Paris in 2015.