Skip to main content

Net Zero initiative joined by 43 new asset managers

by Lucinda Thurmer, Apr 15
1 minute read

“Addition of 43 new asset managers triples size of fast-expanding investor-backed climate group”

waterfalls during day time

BlackRock and Vanguard, who have a combined $14 trillion under management, have now signed up and demands ” that members pledge to achieve net zero across their investment portfolio by 2050 and establish a 2030 target consistent with global climate goals for the coming decade within 12 months of signing up to the alliance.”

The Net Zero Asset Managers initiative has meant the wave of new signatories means “more than a third of all of the world’s assets under management” are now committed to the initiative and pursuing net zero.

So what?

As there is a growing wave of action on climate targets, major players in finance systems committing to net zero mean that there is hope for the growth and speed of financial institutions moving their portfolios to incorporate climate and environmental risks.

A shared understanding of net zero (or preferably moving towards “net positive”), and consistent metrics and reporting within financial services still have a ways to go to answering to the scale of the climate crisis, but growing attention and resources from some of the largest and most influential players are part of the growing tide.

Sources

Details

by Lucinda Thurmer Spotted 8 signals

Have you spotted a signal of change?

Register to receive the latest from the Futures Centre.
Sign up

  • 0
  • 2
  • Share

Join discussion

Related signals

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our 'Cookies page'.

>