The survey stopped short of singling out the UK government for giving a lack of clarity, saying that it was a Europewide and worldwide problem. But Ms Pfeifer conceded that “mixed messages are not helpful,” when asked about the current UK government’s record.
Some 69 per cent of fund managers surveyed said they were only appointing executives with a strong focus on climate change, a significant rise on a year ago. Meanwhile, 53 per cent of asset managers said they had either sold, or decided not to invest in, at least one company in the past year because of concerns about climate change, both moral and economic.
The survey included the views of 84 investment firms in 10 countries, including The Church Commissioners for England, BNP Paribas and the California Public Employees’ Retirement System.