December 23, 2024

 

 

Net Zero Asset Managers says that its initiative has attracted some 325 signatories managing $57.5 trillion globally, according to its website.

The Republican-led House Judiciary Committee took aim at a group of US asset managers over their involvement with a “woke ESG cartel” — adding pressure against environmental efforts by large investors.

The committee, chaired by Ohio Rep. Jim Jordan, sent letters to 60 firms — including BlackRock, State Street and JPMorgan Asset Management  — that are members of the Net Zero Asset Managers initiative, or NZAM, an international group of investors that signed on to a pledge to achieve net zero emissions by 2050.

Source: House Judiciary Committee sends letters to investment firms tied to…

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