Justin Welby: investors must pressure firms to act on climate crisis

Archbishop of Canterbury says fund managers are not doing enough to press for change

The archbishop of Canterbury has criticised the investment industry for inaction over the climate crisis and called on fund managers to push companies to reduce their impact on the environment.

Justin Welby said fund managers had "not sufficiently stepped up to the plate" to use their ownership of companies to press for change. He said investors should tell firms to help meet targets set by the Paris climate agreement.