Fund managers representing $23trn in assets join net zero initiative

Fund houses commit to cut emissions by 2050

BlackRock, Vanguard and Invesco are among 43 new signatories to Net Zero Asset Managers, adding a further $22.8trn AUM to the total membership.

This brings the total number of fund houses making new, enhanced commitments to support the goal of net zero greenhouse gas emissions by 2050 or sooner to 73, representing $32trn AUM, more than a third (36%) of global assets under management. The new cohort, which includes Aberdeen Standard Investments, Allianz Global Investors, Jupiter Asset Management and Royal London Asset Management, committed to working with clients to cut emissions across their investments. Net Zero Investment: What role do investors play? Larry Fink, BlackRock chair and CEO, said: "The asset management indus...