Big investors get tougher with companies over climate change
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 10 November 2021
⏱️ 11 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/5656f24c-a8db-4626-bd6f-c2ab0aa4aa8c
General Electric plans to break into three separate companies after years of trying to respond to flaws in its business model exposed by the financial crisis, China’s President Xi Jinping is paving the way for his unprecedented bid for a third term in power. Plus, the FT’s investment correspondent, Attracta Mooney, explains why a growing number of asset managers are getting tougher on companies in their portfolios to address climate change.
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http://www.ft.com/cop26podcast
GE to split into healthcare, energy and aviation companies - with Andrew Edgecliff-Johnson
https://www.ft.com/content/fb73e702-e885-4c20-8857-ddd29dc623af
Xi lays groundwork for third term by adopting Mao and Deng’s power play - with Tom Mitchell
https://www.ft.com/content/71b165a6-052d-4d7d-9006-e2e757f40d98
Stay or sell? The $110tn investment industry gets tougher on climate - with Attracta Mooney
https://www.ft.com/content/ee08d61d-4c98-4398-9971-93036d67e91e
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.6 | Today is Wednesday, November 10th, |
| 0:03.5 | and this is your F-T news briefing. |
| 0:08.8 | One of America's biggest conglomerates is breaking up. |
| 0:11.8 | And Xi Jinping is making a play for his third term |
| 0:14.7 | as China's president. |
| 0:16.4 | Plus, the strategy of divesting from companies |
| 0:18.6 | over climate change or selling off investments |
| 0:20.8 | and fossil fuel producers has finally reached |
| 0:23.6 | the asset management world. |
| 0:25.4 | The last few years, there's kind of a growing |
| 0:27.9 | realization among some big investors |
| 0:30.4 | that the current model of engagement is not working, |
| 0:34.0 | it's not driving, change fast enough. |
| 0:36.6 | But does it work? |
| 0:37.8 | We'll take a look. |
| 0:39.2 | I'm Mark Filipino, and here's the news you need |
| 0:41.3 | to start your day. |
| 0:46.2 | One of America's most famous multinationals, |
| 0:48.8 | General Electric, is breaking up. |
| 0:51.2 | Yesterday, the company said it would split itself |
| 0:53.0 | into three separate companies. |
... |
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