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JPMorgan asset management unit exits climate initiative amid political pressure

JPMorgan Chase's asset management unit has exited the Net Zero Asset Managers initiative, a significant climate effort that paused operations in January amid political pressure from U.S. Republicans. The decision follows similar withdrawals, including BlackRock's departure, and reflects shifting regulatory and client expectations. The initiative, launched in December 2020, aimed to align the fund management industry with climate goals but has faced accusations of collusion to cut emissions.
US News & World Report
BlackRock, Inc. JPMorgan Chase & Co. USA Ross Kerber Nick Zieminski Chizu Nomiyama Show more
Finance & Economy, News Article
13:56 21.03.2025
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