Asset managers have a huge role to play in making this happen (transitioning to a low-carbon economy). Not just as corporate citizens themselves but as long-term stewards of trillions of dollars of investor capital, they have a huge stake in maintaining long-term political and economic system stability, especially in a globalized economy in which large public companies do business all over the world while the reach of sovereign governments is limited. If the global financial system itself isn't sustainable over the long run, neither will be their investments.
It's Time for Asset Managers to Step Up on Climate Change | Morningstar