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

clock • 2 min read

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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?