Market
Next major asset manager to exit UN Net Zero Initiative in 2025?
2
Resolution / Starting Odds
Vanguard • 25%
State Street • 25%
Fidelity • 25%
Other • 25%
Official announcements from the asset manager or the UN-sponsored Net Zero Asset Managers Initiative
Story
BlackRock Exits UN-Sponsored Net Zero Asset Managers Initiative on January 9, 2025, Citing Legal Inquiries
Jan 9, 2025, 07:49 PM
BlackRock, the world's largest asset manager, has officially exited the UN-sponsored Net Zero Asset Managers Initiative, marking a notable setback for the ESG investing movement. The firm notified its clients of this decision on January 9, 2025. This departure follows increasing scrutiny from Republican politicians regarding BlackRock's climate initiatives. The exit is described as the most significant departure yet from the coalition, which focuses on climate finance for investors. BlackRock cited ongoing legal inquiries as a reason for its exit from the group, which has seen a broader trend of Wall Street firms reassessing their commitments to environmental goals.
View original story
Similar markets
Vanguard • 25%
Other • 25%
Fidelity • 25%
BlackRock • 25%
Fidelity • 25%
Vanguard • 25%
Other/None • 25%
State Street • 25%
Citigroup • 25%
JPMorgan Chase • 25%
Bank of America • 25%
Other • 25%
Other • 25%
Bank of America • 25%
JPMorgan Chase • 25%
Citigroup • 25%
No significant change • 25%
Alliance dissolved • 25%
Decrease in membership • 25%
Increase in membership • 25%
Bitcoin ETF only • 25%
Bitcoin ETF and property in Bahamas • 25%
Bitcoin ETF and bets against China's currency • 25%
All mentioned assets • 25%
State Street • 25%
Other • 25%
Vanguard • 25%
Fidelity • 25%
European Central Bank • 25%
Other • 25%
Bank of Japan • 25%
Bank of England • 25%