SYDNEY (CU)_With growing interest in climate change and environment sustainability in almost every industry across economies, from banking to transport to hospitality, asset managers have also now begun accelerating their efforts to bring their practices in line with the Paris Agreement. For instance, in July last year, a group of investors managing combined $4.6 trillion in assets met with the members of the Brazilian congress in a bid to reduce deforestation of the Amazon rainforest.
Against such a background it comes as no surprise that international asset manager Robeco is set to start pushing Australia, one of the largest per capita carbon emitters in the world, to phase out its reliance on natural resource, coal in particular.
The Rotterdam-based firm’s senior manager of engagement and active ownership Peter van der Werf noted that…
