This article was first published on WRI.
The movement to achieve net-zero global greenhouse gas emissions is gaining traction and coherence, especially in the world of finance. In late March, BlackRock and Vanguard the two largest asset managers on the planet joined a growing coalition of investors in the Net Zero Asset Managers Initiative (NZAM). The initiative outlines key requirements for signatories’ commitments to net zero and provides an early benchmark for the industry. Earlier in March, asset managers also received initial guidance for implementing net-zero commitments with the release of the Net Zero Investment Framework Implementation Guide, an effort led by the Institutional Investor Group on Climate Change.
By having strong interim targets, avoiding over-reliance on offsets, improving engagement, and supporting a just transition to net-zero emissions, Wall Street can lead the way for our climates transition.
The Stock Exchange, Wall Street, New York. Photo by Aditya Vyas
The movement to achieve net-zero global greenhouse gas emissions is gaining traction and coherence, especially in the world of finance. In late March, BlackRock and Vanguard the two largest asset managers on the planet joined a growing coalition of investors in the Net Zero Asset Managers Initiative (NZAM). The initiative outlines key requirements for signatories’ commitments to net zero and provides an early benchmark for the industry. Earlier in March 2021, asset managers also received initial guidance for implementing net-zero commitments with the release of the Net Zero Investment Framework Implementation Guide, an effort led by the Institutional Investor Group on Climate Change.