Asset Management

BlackRock and Amundi singled out over climate-data concerns

Leading fund managers score poorly for failing to make clear how their CO2-cutting plans fit with the global effort, researchers say

Environmental activists from the Extinction Rebellion movement stage a protest at the Wall Street Bull in New York's financial district on October 7
Environmental activists from the Extinction Rebellion movement stage a protest at the Wall Street Bull in New York's financial district on October 7 Photo: Getty Images

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.

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