BlackRock quits climate group in Wall Street's latest environmental step-back
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BlackRock, the world's largest asset manager, announced its departure from the Net Zero Asset Managers initiative due to antitrust concerns raised by Republican politicians. This move marks a step back in Wall Street's environmental commitments.
January 09, 2025 | 8:15 pm
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BlackRock has decided to leave the Net Zero Asset Managers initiative, citing antitrust concerns. This decision reflects a broader trend of Wall Street stepping back from environmental commitments.
BlackRock's exit from the Net Zero Asset Managers initiative could be perceived negatively by investors focused on ESG (Environmental, Social, and Governance) criteria. The move may lead to short-term stock price pressure as it signals a retreat from environmental commitments, which could affect investor sentiment.
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