Unlocking more than $23trn of capital from the world’s largest 100 asset owners will be critical to achieving global net zero targets, research by the Thinking Ahead Institute has suggested.
According to TAI, pension funds remain the biggest group of asset owners worldwide accounting for about 58% of assets, followed by sovereign wealth funds (34.7%) and outsourced CIOs and master trusts combined (7.2%). Capital held by the world's 100 largest asset owners grew by 15.7% last year to $23.5trn. Roger Urwin, co-founder of the Thinking Ahead Institute, said: "This relatively small group of investors are right on the front line of the investment community's fight to become net zero, and their power is even more concentrated among the top 20, which are responsible for nearly $1...
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