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Climate changed

Neuberger Berman Climate Review Finds Big Holes in Readiness

  • Asset management firm has three climate scientists on staff
  • ‘Developed markets are not on track,’ firm’s head of ESG says

Neuberger Berman began a comprehensive review of its $304 billion portfolio last year, specifically to understand how their investments will be affected by climate change. The verdict is in, and it isn’t good.

“The unfortunate overall conclusion is that developed markets are not on track,” said Jonathan Bailey, head of ESG investing at Neuberger Berman.