World's largest asset managers accused of failing to invest responsibly

BlackRock, Vanguard, Fidelity, State Street Global Advisors and other global asset managers controlling over £77trn in assets have this week been accused of "treading water" on environmental and social issues. ShareAction's new Point of No Returns report, which ranks 77 major asset managers from best to worst in a league table, found that two-thirds of firms surveyed scored a CCC rating or worse. The study assessed whether investment policies meet basic responsible criteria, including on climate, biodiversity, social, governance and stewardship. It found "serious gaps" in their resp...