Leading asset managers join forces to raise bar on net-zero
Net Zero Asset Managers Initiative signatories doubled in March to use £16.56tn combined AuM to tackle climate change
The world’s two largest asset managers, US powerhouses Vanguard and BlackRock, are among the latest signatories to the Net Zero Asset Managers Initiative, signalling a commitment to steward companies in their portfolios to achieve net-zero emissions by 2050 or sooner. The initiative, which now has £16.56tn of assets under management (AuM) globally, was founded in December 2020 with the aim of creating ‘enhanced commitments’ to realise the goal of net-zero greenhouse gas emissions by 2050 at the latest, while promoting transparency and collaboration. In late March, the initiative announced that 41 asset management firms became signatories, increasing the total number of firms to 73. Asset man
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