The Net Zero Asset Managers initiative (NZAM) published a statement responding to BlackRock’s departure, expressing disappointment at the withdrawal while noting that, as a voluntary initiative, it respects individual signatory decisions. NZAM reiterated that it views climate risk as financial risk and positioned the initiative as a tool to help investors mitigate these risks and capture benefits from the transition to net zero. It also said it has supported investors globally in navigating their own transition paths in line with fiduciary duties and clients’ long-term financial objectives, and intends to continue this role.
The Net Zero Asset Managers initiative 2025-01-10
The Net Zero Asset Managers initiative issues statement on BlackRock’s departure
The Net Zero Asset Managers initiative (NZAM) expressed disappointment over BlackRock's departure but acknowledged the voluntary nature of the initiative. NZAM emphasized its role in helping investors manage climate risk as financial risk and supporting global investors in aligning with fiduciary duties and long-term financial goals.