BlackRock, the world’s largest asset manager, is quitting the Net Zero Asset Managers initiative in the latest exit of a major financial institution from a climate finance alliance since Donald Trump was elected U.S. President in November. BlackRock has decided to leave the voluntary Net Zero Asset Managers initiative, which launched in December 2020 and aims to “support the asset management industry to commit to a goal of net zero emissions in order to mitigate financial risk and to maximize long-term value of assets.” The world’s…
