INVESCO JOINS LIST OF US ASSET MANAGERS TO EXIT CA100+ CLIMATE GROUP

Invesco (IVZ.N) joined a growing list of major U.S. investors departing or reducing their participation in the Climate Action 100+ coalition, which aims to encourage highly polluting companies to reduce their carbon emissions. This decision follows similar moves by other prominent financial institutions, including the asset management divisions of JPMorgan (JPM.N), State Street (STT.N), and bond giant Pimco, all of which have recently withdrawn or scaled back their involvement. Additionally, BlackRock (BLK.N) has decreased its engagement with the coalition.

Invesco's decision to exit the coalition comes as Climate Action 100+ prepares to implement Phase 2 of its engagement strategy, which involves exerting greater pressure on companies to take meaningful steps to reduce their emissions. With $1.6 trillion in assets under management, Invesco's departure represents a significant shift within the coalition and underscores the evolving landscape of sustainable investing initiatives.

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