Global asset managers -- including JP Morgan Asset Management Inc. and Fidelity International Ltd. -- will urge five Asian power generators to curb greenhouse gas emissions in an initiative coordinated by the Asia Investor Group on Climate Change.
The 13 institutional investors that manage $8.8 trillion among them will engage with the utilities that collectively emitted about the same amount of carbon dioxide as Spain in 2019, the group said in a statement. The companies that will be the focus of the program in its first year are China Resources Power Holdings Co., CLP Holdings Ltd., Japan’s Chubu Electric Power Co. and Electric Power Development Co., as well as Malaysia’s Tenaga Nasional Bhd.
