Reported 1 day ago
The Net-Zero Asset Managers (NZAM) coalition, which aimed to align the asset management industry with climate goals, has suspended its activities after BlackRock, the largest investor globally, exited due to political backlash in the U.S. This pause raises concerns regarding corporate commitments to climate change amidst intensifying pressures from Republican politicians. NZAM will conduct a review of its initiatives while the financial sector's push towards emissions reduction continues to be scrutinized.
Source: YAHOO