This article explores whether asset managers are truly committed to their net zero pledges. LCP highlight how major firms have recently left the NZAMI due to political and legal pressures, putting the initiative’s credibility under strain. Challenges include balancing fiduciary duty with climate goals, defining measurable targets and ensuring real-world impact, rather than box-ticking.

LCP argue that investors should focus less on whether a manager is a signatory, and more on evidence of clear targets, interim milestones, tangible progress and meaningful engagement. Despite setbacks, they conclude that climate risk remains financially material, making genuine action essential for long-term success.

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