Big investors have urged companies to maintain their focus on reducing carbon emissions, even as businesses grapple with the economic fallout of coronavirus. Eight investment groups, including BNP Paribas Asset Management, DWS and Comgest Asset Management, told the Financial Times that tackling global warming must continue to be a priority for public companies, despite unprecedented pressure on businesses. The investors said businesses would be given leeway when it came to climate change this year but warned against backtracking on targets to reduce carbon emissions. Michael Herskovich, head of corporate governance at BNP Paribas Asset Management, said the €440 billion fund house continued to discuss climate change with the businesses it invests in. Over the past couple of years, big investors have pushed companies to tackle their carbon emissions, teaming up together through initiatives such as Climate Action 100+, amid growing concerns of an economic fallout from global warming.

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Financial Times