Sir Chris Hohn: Net-zero by 2050 is 'a joke' as faster action needed

Speaking at PA's publisher Incisive Media's Sustainable Investment Festival on 23 June, Hohn, who is founder of The Children's Investment Fund Management and the 'Say on Climate' initiative, which forces companies to better disclose emissions, said asset owners should "wake up" and put pressure on asset managers and to take aggressive action. He is concerned that while some pension funds have been more proactive - such as the Local Authority Pension Fund Forum which has supported ‘Say on Climate' - in general there has been tremendous passivity among asset owners because "they think asse...