Schroders to Engage Countries on Climate Risk With New Push
- Money manager joins Pictet, Aviva in sovereign engagement
- Push adds to discussions with firms over climate, governance
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Schroder Investment Management Ltd. will seek more answers from governments over climate and other ESG risks, as the £347.6 billion ($432 billion) money manager tries to gauge how extreme weather and other environmental, social and governance events will impact investments including sovereign bonds.
The Schroders Plc unit is developing a framework to ask governments questions and track how well they’re responding to these risks. Countries issuing green and sustainability-linked debt will be key, Hannah Shoesmith, head of engagement, said in an interview.