Industry News: ESG

World's Top Three Asset Managers Oversee $300bn Fossil Fuel Investments

Written by ESG | 15-Oct-2019 1:29:40 PM

2019-10-12

The Guardian: The world’s three largest money managers have built a combined $300bn fossil fuel investment portfolio using money from people’s private savings and pension contributions. BlackRock, Vanguard and State Street, which together oversee assets worth more than China’s entire GDP, have continued to grow billion-dollar stakes in some of the most carbon-intensive companies since the Paris agreement, financial data shows.

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