Asia's asset managers must step up to support COP26

More important than ever to divest away from industries fueling increased emissions

Tom Riley

November 3, 2021 05:00 JST

Dried-up bed of Manjara Dam in Marathwada, India, pictured in May 2016: asset managers need to develop methodologies to calculate the climate value at risk of investments. © AP

Tom Riley is head of global thematic strategies at AXA Investment Managers.

The eyes of the world are on Glasgow this week for the 26th U.N. Climate Change Conference of the Parties, known as COP26. Expectations are high, with the U.K. looking to sign the world up to net-zero targets by the middle of the century and keep global warming at no more than 1.5 degrees Celsius.