M&G Investments ranks fourth in this year’s Global Climate 50, an index assessing how the world’s largest asset managers are managing their climate related financial risks.
The sustainability credentials and low-carbon assets of M&G Real Estate and M&G Fixed Income played a particularly significant role in this outstanding performance, but there was value added from across the business, including the stewardship & engagement activities of M&G Equities.
The excellent placement in the Global Climate 50 follows M&G’s strong showing in this year’s ShareAction Responsible Investment survey (11th out of 40 in Europe), its high UNPRI rating for 2016 (‘A+’ or ‘A’ across the main asset classes) and its Stewardship Code ranking (Tier 1).
M&G’s Head of Corporate Finance and Stewardship, Rupert Krefting, said: “We are encouraged by this result which reflects the steps that M&G is taking to address climate related risks. As active fund managers we have a responsibility both to our customers and to society to deal with this challenge, and it will continue to be a central focus for us.”
The Global Climate Index report is published annually by the Asset Owners Disclosure Project (AODP), an organisation focused on assessing how well the financial services industry is managing risks around climate change.
The Global Climate 50 forms part of the Global Climate 500 Index, now in its fifth year, which highlights the financial risks of climate change to the global economy. Until this year, the AODP’s survey only covered asset owners (pension funds, sovereign wealth funds, insurers); this is the first year asset managers have been assessed. AODP evaluated the 50 largest asset managers globally, covering institutions managing $43 trillion, or over 70% of global assets under management.
The full report can be found at http://aodproject.net/global-climate-index-2017