LONDON, March 2 (Reuters) - British insurer and asset
manager M&G plans to end investment in thermal coal in
developed countries by 2030 and in emerging markets by 2040 as
part of its target to reach net zero carbon emissions by 2050,
it said on Tuesday.
M&G, which operates its own funds as well as managing funds
for others, will be taking this approach to thermal coal in its
internal portfolios over the coming year, it said in a
statement.
(Reporting by Carolyn Cohn
Editing by David Goodman
)