The ‘carbon bubble’ hypothesis is going mainstream. Legal & General Investment Management (LGIM) has today published the results of an extensive engagement effort designed to assess the climate strategies of the companies it invests in and pave the way for divestment from those firms that are failing to embrace climate action. The company announced a Climate Impact Pledge in November 2016 in which it promised to help accelerate corporate progress to tackle climate change. Under the initiative LGIM initially wrote to 84 of the world’s largest companies that had been identified as pivotal to meeting the goals of the Paris Agreement to request information on their climate strategies.
Business Green 11th June 2018 read more »