The world’s largest asset manager, with more than $10 trillion in assets under management, has dropped out of the Net Zero Asset Managers initiative, following the recent withdrawals of Morgan Stanley,

U.N. Secretary-General Antonio Guterres is disappointed that the world's biggest asset manager, BlackRock BLK.N, has left a global initiative to combat climate change, his spokesperson said on Friday,

The world’s largest asset manager is latest Wall Street firm to quit climate groups.

BlackRock has become the latest financial firm to bail out of a big climate change industry group in the wake of Donald Trump’s election as US president and heightened regulatory scrutiny. The world’s largest money manager told institutional clients in a letter on Thursday that it had quit Net Zero Asset Managers,

BlackRock (NYSE:BLK), the U.S.'s largest asset manager, has decided to exit a major climate group, succumbing to pressure from Republican politicians who have criticized the firm's commitment to addressing global warming,