ShareAction issues industry guidance to hold asset managers to climate pledges

The campaign group launched a new definition of 'responsible investment' last week (4 July), citing the need for a "step change in ambition" from investors to halt further climate breakdown. The manuals released today (10 July) set out standards and expectations for asset managers - the Responsible Investment Standards and Expectations (RISE). According to ShareAction's new definition, responsible investment should be "a transparent approach, embedded throughout the investment process, that takes the positive and negative impacts on people and planet as seriously as financial risk and re...