One-third of asset managers not engaging on climate change despite three-quarters claiming to

The study, which spoke to 104 managers globally representing more than $10trn assets under management, also found that only 60% of managers can provide an example when climate related risks and opportunities influenced buying or selling decisions, while only 62% have an ESG engagement policy. Nick Samuels, head of manager research at Redington, said this discrepancy highlighted that, despite engagement "seemingly increasing", this has yet to translate into "concrete and consistent portfolio decisions". He added: "Climate change is a widespread and global problem, impacting all sectors...