Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of ...

Big banks have been backing away from their commitment to fight climate change via "net zero" carbon emissions as political ...

BlackRock dropped out of the United Nations-backed climate change investing initiative, which was followed by NZAM suspending ...

An alliance of investment giants-turned-self-styled climate change crusaders looks to be ... initiative was rocked last week by the exit of BlackRock, the world’s biggest investor, as The ...

Texas Attorney General Ken Paxton wrote on Jan. 23 to the firms saying they appear “to unlawfully advance discriminatory” ...

Investor climate initiatives can and should play a role in stewarding the economy but have so far failed to bring real-world ...

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 ...

The lawsuit filed in 2023 alleged unfair impact on the asset management giant's non-ESG funds due to its involvement in ...

NZAMI’s suspension follows a mass exodus of U.S. banks from its sister organization, the Net Zero Banking Alliance, or NZBA, ...

The pause raised concerns that companies will lower their efforts on climate change even after the hottest year on record, ...

Meanwhile, BlackRock, the world’s ... to join target-setting groups. “This change reflects the progress delivered to date, the spread of climate regulation, and the need to mobilize more ...