Money Managers Rate Poorly on Sustainability, a Nonprofit Finds

摘要

T. Rowe Price Group Inc., Vanguard Group and J.P. Morgan Asset Management are among the global money managers that rank the worst on corporate responsibility, according to a report.About half of the 75 asset managers surveyed have weak or nonexistent policies on climate change, labor and human rights, and biodiversity, the nonprofit ShareAction said in the report Monday. Those low-ranked firms, which together manage $36 trillion, were also faulted for not accounting for their investments' impacts on society and the environment and for lacking "appropriate" processes to exert pressure on companies.