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Climate group suspend operations as BlackRock follows US banks’ net zero alliance exodus

BlackRock Headquarters In New York City.
Photo: Michael M. Santiago/Getty Images

Jean Hurley

2 min read
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The suspension appears to be an attempt to avoid a similar mass departure to that experienced by the Net-Zero Banking Alliance (NZBA).

The Net Zero Asset Managers (NZAM) initiative, a coalition of investment managers representing trillions of dollars in assets and committed to achieving net-zero greenhouse gas emissions by 2050, has announced a suspension of its primary activities. This decision comes as the group adapts to a shifting political and regulatory landscape.

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