An influential coalition of asset owners overseeing a combined $10 trillion is calling for adjustments to a strategy known as ESG engagement in an effort to reduce carbon emissions more effectively.
The Net-Zero Asset Owner Alliance, which counts Aviva Plc, California Public Employees’ Retirement System and Swiss Re AG among its members, said Thursday that investors should move beyond simply engaging with companies that pollute and instead use their influence to target broader structural hurdles to decarbonization.
