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World's top 500 investors ignoring climate change: Study

However, 157 investors managing a total of $14.2 trillion were taking 'first steps' towards addressing climate change

Reuters  |  London 

Almost half of the world's top 500 investors are doing nothing to address climate change through their investments, a study showed on Monday. A report by the Asset Owners Disclosure Project (AODP), a not-for-profit organisation aimed at improving the management of climate change, found that just under a fifth of the top investors - or 97 managing a total of $9.4 trillion in assets - were taking tangible steps to mitigate global warming These include investing in low polluting assets or encouraging the companies they invest in to be greener. A further 157 investors ...

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First Published: Mon, May 02 2016. 12:40 IST