Following BlackRock's departure, the Net Zero Asset Managers initiative pauses operations to reassess its future direction ...

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 ...

Trillion dollar asset manager Northern Trust has also quit Climate Action 100+, an investor-led initiative of financial ...

The collapse of net zero alliances among investment firms and banks represents the third pillar of the progressive left to ...

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 ...

Six of the worlds largest banks all withdrew from a net-zero banking alliance just weeks apart ahead of President-elect ...

They agreed to align their businesses with the (eventual) goal of net zero. Not only did this, in the case of participating banks and insurance companies, raise questions about collusive behavior ...

Many state plans confirm their climate-forward and sustainable investing initiatives as BlackRock retreats from its ...

Business travel emissions have risen at the major U.S. banks that recently quit global net-zero banking alliances.

NZAMI’s suspension follows a mass exodus of U.S. banks from its sister organization, the Net Zero Banking Alliance, or NZBA, ...