The low standard of responsible investment practice by most asset managers is shocking and disappointing.

Asset managers shape the world we live in through the companies they invest in. Our research shows that most of the largest players in the market are failing to invest responsibly, continuing to pave the way for fossil fuel expansion, nature loss and the proliferation of controversial weapons. As middlemen in the financial sector, their irresponsible investments are being made almost entirely with other people’s money.

We set 20 basic standards that we expect asset managers to achieve, from net zero targets to local community engagement. Every standard is met by at least one asset manager, but the majority of asset managers fail to meet half of these standards.

Only a few industry-leading asset managers are demonstrating robust approaches to responsible investment. Asset owners who care about long-term outcomes - such as pension funds - should take note, while policy makers need to provide regulatory environments that ensure a safe and healthy world.