The United Nations-backed Net-Zero Asset Managers initiative has pulled its signatories page and won’t assess their commitments while it undergoes a review.

ESG Dive

NZAM suspends all activities after BlackRock’s exit

UN-Backed Net Zero Asset Managers Group Is Pretty Much Dead

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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 by 2050.The firm last week wrote in a letter to clients that the membership had "caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials," according to reports. CALIFORNIA DRIVERS BRACE FOR…

Fox Business

Murdoch family

Conservatives notch another win after BlackRock kills 'Net Zero' membership, climate commitment

The Net Zero Asset Managers (NZAM) initiative - a group of financial institutions focussing on the transition to net zero - has halted some of its activities and launched a review, it announced late Monday, in the wake of high-profile exits and growing political headwinds.

Carbon Pulse

Net Zero Asset Managers climate financial group suspends operations following BlackRock exit « Carbon Pulse

Net-Zero Asset Managers initiative writes to members

Zawya

Investor climate group suspends activities after BlackRock exit

So, let us raise a toast to NZAM, not in mourning but in mockery. Its collapse is a victory for common sense and a warning to all who would attempt to impose utopian visions on a world that isn’t interested. May its demise serve as a lesson to the climate cartel: the road to net…

Watts Up With That?

The Great Retreat: A Eulogy for the Net Zero Asset Managers Initiative

By John Carney The Net Zero Asset Managers initiative—a coalition of investment behemoths turned self-proclaimed climate warriors—hit a wall this week after BlackRock’s dramatic exit forced it to s…

Climate Depot

Wall Street Climate Group Net Zero Suspends Activities Following BlackRock’s Exit

UN-backed body removes member commitments in attempt to steady the ship

Net Zero Asset Managers initiative halts activities

Treasurer Daniel Elliott Releases Statement on BlackRock’s Decision to Withdraw from the Net Zero Asset Managers Initiative Treasurer Daniel Elliott released a statement on BlackRock’s decision to withdraw from the Net Zero Asset Managers Initiative. “I’m pleased to learn that BlackRock has decided to withdraw from the Net Zero Initiative.” said Treasurer Daniel Elliott. “This is a much needed step towards safeguarding the assets of all state emp

City-County Observer

BlackRock Withdraws from the Net Zero Asset Managers Initiative | City-County Observer

BlackRock withdrew from the Net Zero Asset Managers initiative, citing 'confusion' and 'legal inquiries,' amid a lawsuit over its role in 401(k) funds with American Airlines.Read More …

NZAM suspends all activities after BlackRock’s exit

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