Consultancy Redington's Responsible Investment Survey 2020, published in September, revealed that as many as 39 per cent of respondents couldn't offer examples of engagement with companies' leadership over specific climate-related issues.
Redington surveyed 104 asset managers across a number of markets, from the US to Australia, covering a total of 192 investment strategies and with a total of $10tn in assets under management.
Moreover, although more than three quarters of respondents said that climate factors played a role in investment decisions, only 60 per cent could provide examples of when these factors swayed decisions over the purchase or sale of an asset.
In many cases, firms hadn't quite engaged with stakeholders themselves: only 28 per cent of asset managers surveyed had adopted the Task Force on Climate-related Financial Disclosures guidelines, which reveal an organisation's exposure to climate-related risks.
