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Axa IM threatens climate laggards with ‘three strikes and you’re out’ policy
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fnlondon.comAxa Investment Managers, the €879bn fund management arm of the French insurer, has warned companies that it will enforce a strict “three strikes and you're out” policy if they fail to meet climate change expectations.
The threat of divestment comes as the asset manager says it intends to “apply a stronger climate lens to its investment decisions” from next year as part of plans to bolster its engagement and stewardship policy.
Axa...
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