Bond manager PIMCO withdraws from Climate Action 100+ investor coalition

By Thomson Reuters Feb 16, 2024 | 12:43 PM

(Reuters) – Bond manager PIMCO said on Friday it has withdrawn from the Climate Action 100+ investor coalition, following the withdrawal of other fund firms.

In a statement sent by a representative, PIMCO said “we have concluded that our Climate Action 100+ participation is no longer aligned with PIMCO’s approach to sustainability. PIMCO operates its own portfolio-relevant engagement activities with issuers on sustainability.”

(Reporting by Ross Kerber; Editing by Chris Reese)