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 any individual decisions signatories take,” said a spokesperson for the Net Zero Asset Managers initiative in an emailed statement to The Hill.





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Reuters

United Kingdom

BlackRock quits climate group as Wall Street lowers environmental profile

All major U.S. banks have quit a climate initiative known as the Net-Zero Banking Alliance. Formed in 2021 as a subgroup of a Mark Carney-led climate finance group, it now faces an uncertain future, even as Canadian and European banks remain for now.

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CBC News

Government of Canada

Canada

Huge banks are bailing on a Mark Carney climate initiative

BlackRock , the world's biggest asset manager, said on Thursday it will leave the Net Zero Asset Managers Initiative, the latest Wall Street firm to depart an environmentally focused investor group under pressure from Republican politicians.

The Woodbridge Company

BlackRock — which for years has courted controversy with its focus on so-called ESG, or Environmental Social Governance investing — is considering an exit of the so-called “Net Zero" coalition of top corporations who pledge to reach zero-carbon emissions by 2050, The Post has learned.

Exclusive | BlackRock may exit woke business climate group Net Zero Alliance as backlash over ESG investing widens

New York Post

Murdoch family

New York

United States

BlackRock may exit woke business climate group Net Zero Alliance as backlash over ESG investing widens

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 any individual decisions signatories take,” said a spokesperson for the Net Zero Asset Managers initiative in an emailed statement to The Hill. “Climate risk is financial risk. NZAM…

The Hill

Nexstar Media Group

Washington

District of Columbia

BlackRock departs climate investment group

BlackRock, the world's largest asset manager, said this Thursday (9) that it will leave the Net Zero Asset Managers (Nzami) initiative, the most recent environmental retreat on Wall Street in commitments to reduce greenhouse gas emissions.
Read more (01/09/2025)

A BlackRock, a maior administradora de ativos do mundo, disse nesta quinta-feira (9) que deixar� a iniciativa Net Zero Asset Managers (Nzami), o mais recente recuo ambiental de Wall Street em compromissos de redu��o de emiss�es de gases de efeito estufa.
Leia mais (01/09/2025

BlackRock deixa grupo climático em novo recuo ambiental - 09/01/2025 - Mercado

Grupo Folha

Brazil

BlackRock leaves climate group in new environmental retreat - 09/01/2025

BlackRock, the world’s largest asset manager overseeing approximately $11.5 trillion in assets, has decided to withdraw from a climate pact backed by the United Nations (UN) that advocates for aggressive de-carbonizing of the economy.
A BlackRock spokesperson confirmed to The Epoch Times that the company has decided to withdraw from the Net Zero Asset Managers initiative (NZAM), a coalition comprised of over 325 signatories managing more than $5…

The Epoch Times

Epoch Media Group

BlackRock Exits UN-Backed Net-Zero Climate Pact

'Just a few years ago, ESG was all the rage in the banking and investing community'

The Daily Caller

Tucker Carlson

Neil Patel

DAVID BLACKMON: ESG Is Collapsing And Net Zero Is Going With It

BlackRock Inc. is exiting one of the world’s biggest climate finance groups for investors after being targeted by Republican politicians for its efforts on global warming.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

BlackRock Leaves Major Climate Group Amid Wall Street Exodus

Rome, January 10, 2025 — BlackRock, the world's largest asset manager, has abandoned the global alliance of management companies working to achieve carbon neutrality, the Net Zero Asset Managers Initiative (NZAM) launched in 2021. Blackrock's decision follows that of 6 other credit greats. 
As of July, the initiative had more than 325 members, totaling 57.5 trillion dollars in assets under management. And this happens on the day when both Copern…

Roma, 10 gennaio 2025 –  BlackRock, il più grande gestore patrimoniale al mondo, ha abbandonato l'alleanza globale di società di gestione che lavorano per raggiungere la neutralità carbonica, la Net Zero Asset Managers Initiative (Nzam) lanciata nel 2021. La decisione di Blackrock segue quella di altri 6 grandi del credito. 
A luglio, l'iniziativa contava più di 325 membri, per un totale di 57,5 trilioni di dollari in asset in gestione. E ciò av…

BlackRock lascia l’alleanza per la finanzia climatica. Una brutta notizia per l’ambiente

Quotidiano Nazionale

Italy

BlackRock leaves the climate finance alliance. Bad news for the environment

BlackRock said on Thursday it will leave the Net Zero Asset Managers Initiative, the latest Wall Street firm to leave an environmentally focused investor group under pressure from Republican politicians

The Globe & Mail

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BlackRock departs climate investment group

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