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asset managers urged to support climate initiatives for net zero goals
David Crawford of Nordea Asset Management emphasizes the need for asset managers to engage in climate initiatives to achieve Net Zero targets, expressing disappointment over firms withdrawing from Climate Action 100+ and the Net Zero Asset Managers initiative. Despite challenges, including a lack of support from the US government, there are significant investment opportunities in companies transitioning to sustainable practices. Recent research indicates a growing commitment among UK pension schemes to adopt net zero targets and adjust asset allocations to address climate risks.
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