BlackRock exits NZAM climate alliance amid growing political …
20 hours ago · On Thursday, the world's largest asset manager, which manages $11trn in assets, confirmed in a letter to clients, obtained by the Financial Times, that it had decided to leave the climate alliance, citing that membership in the group “caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials.”
BlackRock Exits Net Zero Asset Managers Initiative
2 days ago · BlackRock will leave the Net Zero Asset Managers initiative, an investor group committed to achieving net-zero portfolios by 2050 or sooner across all assets under management, a spokesperson for BlackRock confirmed to CIO. The initiative counts more than 325 signatories representing $57.5 trillion in AUM.
Major Asset Manager BlackRock Becomes Latest Financial Firm to …
1 day ago · NEW YORK — Major asset manager BlackRock today announced it is leaving the Net Zero Asset Managers (NZAM) initiative, writing in a letter to its clients that membership “caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials,” according to a copy of the letter obtained by the Financial Times.
BlackRock quits climate group as Wall Street lowers …
1 day ago · BlackRock, which manages some $11.5 trillion, said that with two-thirds of its global clients committed to cutting emissions to net zero, it had made sense to join groups like the organization ...
BlackRock Leaves Major Climate Group Amid Wall Street Exodus
1 day ago · The money manager said Thursday in a letter to clients that it decided to leave the Net-Zero Asset Managers initiative. Membership in the group “caused confusion regarding BlackRock’s ...
BlackRock Exits Net Zero Coalition, Says Move Won’t Change …
1 day ago · BlackRock announced that it has decided to leave the Net Zero Asset Managers (NZAM) initiative, a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions by 2050, marking a significant symbolic victory for anti-ESG politicians who had been threatening the investment giant ...
BlackRock Withdraws From Climate Coalition, Backpedaling Again …
1 day ago · BlackRock BLK-3.07% decrease; red down pointing triangle is pulling out of a United Nations-sponsored climate initiative, a remarkable U-turn for a company that was once a poster child of the ...
BlackRock leaves climate-focused investment group - The Hill
1 day ago · Asset management firm BlackRock is leaving a climate-focused investing group, the group confirmed. “We are disappointed to see any investor withdraw, but as a voluntary initiative, we respect ...
BlackRock becomes latest firm to leave global net-zero alliance
1 day ago · Asset management giant BlackRock has become the latest firm to terminate its membership of the Net Zero Asset Managers (NZAM) initiative. In a letter sent to clients and seen by the Financial Times, BlackRock vice chair Philipp Hildebrand argued that the membership in the global net-zero alliance "caused confusion regarding BlackRock's ...
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