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Schroders ranked among world's top fund houses for managing climate change risk

27/04/2017

Schroders has been ranked among the world’s top fund managers for its success at managing the financial risks of climate change for its clients, according to an influential investor survey.

The Asset Owners Disclosure Project (AODP) rated Schroders as the fifth best asset manager globally out of the 50 biggest in terms of assets under management (AUM) for its commitment to reducing its investment exposure to climate change risk.

It was the first time the not-for-profit climate lobby group which, for the past four reports has assessed asset owners, had ranked asset managers. Its research covered institutions managing $43 trillion, encompassing over 70% of global AUM.  

Asset managers were scored on three categories; governance and strategy, portfolio carbon risk management, as well as metrics and targets. These also reflect the key focuses recently highlighted by the Financial Stability Board’s (FSB) Task Force on Climate-Related Financial Disclosure, led by the Governor of the Bank of England, Mark Carney.    

Schroders was the highest-ranked independent asset manager in the survey.

Jessica Ground, Global Head of Stewardship, Schroders, said:

“We are delighted to be identified as one of the leading asset managers when it comes to managing climate change risk on behalf of our clients.

“We firmly believe that climate change is one of the major challenges facing investors. Policy action in the wake of COP 21 is accelerating, moving this from a long term to a current issue.”

Julian Poulter, Chief Executive Officer, AODP, said:

“The Paris Agreement sent a clear message of global commitment to tackle climate change.

“This is recognised as a key issue by the FSB and our index enables asset owners and managers to report against the framework which will be recommended to the G20.”