Invesco becomes latest asset manager to exit Climate Action 100+ - Citywire Selector

Citywire Selector | Invesco becomes latest asset manager to exit Climate Action 100+

Invesco has followed JPM Asset Management and State Street Global Advisors in stepping away from the Climate Action 100+ initiative, which was launched to present a united front in driving the transition agenda.

The departures of JPM AM and SSGA, which came to light at the end of last month, coincided with BlackRock opting to delegate its involvement to its international arm, rather than the main business venture.

In a statement, a spokesperson for Invesco said: ‘After careful consideration, Invesco has decided to withdraw from the Climate Action 100+ initiative as we believe our clients’ interests in this area are better served through our existing investor-led and client-centric issuer engagement approach.’