BlackRock and JPMorgan have committed “a stark betrayal of the responsibility that they have in addressing the climate crisis ...
BlackRock, the world's largest asset manager, recently withdrew from its membership with Net Zero Asset Managers initiative (NZAM), a coalition committed to achieving net-zero greenhouse gas emissions ...
Following BlackRock's departure, the Net Zero Asset Managers initiative pauses operations to reassess its future direction ...
The collapse of net zero alliances among investment firms and banks represents the third pillar of the progressive left to ...
Trillion dollar asset manager Northern Trust has also quit Climate Action 100+, an investor-led initiative of financial ...
The announcement comes on the heels of BlackRock ’s Jan. 9 letter to clients saying that it would be leaving the initiative.
A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its ...
Investor climate initiatives can and should play a role in stewarding the economy but have so far failed to bring real-world ...
Explore why major financial firms like BlackRock are retreating from climate commitments amid ESG backlash and political ...
Six of the worlds largest banks all withdrew from a net-zero banking alliance just weeks apart ahead of President-elect ...
Many state plans confirm their climate-forward and sustainable investing initiatives as BlackRock retreats from its ...
NZAMI’s suspension follows a mass exodus of U.S. banks from its sister organization, the Net Zero Banking Alliance, or NZBA, ...