Asset manager group aims for carbon neutral investments by 2050

(Reuters) – A group of 30 asset managers with more than $9 trillion under management have launched the Net Zero Asset Managers Initiative on Friday to help clients ensure their portfolios are carbon neutral by 2050.
They also pledged to set interim targets for assets managed in line with the Paris climate agreement, which aims to limit global warming to 1.5 degrees Celsius above pre-industrial levels by the middle of the century.