43 asset managers publish net-zero targets for 2050

Vanguard commits 4% of AUM

Forty-three asset managers representing $16trn in AUM have disclosed their initial targets for the proportion of assets managed in line with achieving net zero by 2050 or sooner, published as part of The Net Zero Asset Managers initiative (NZAM).

Asset managers who have set these targets include BlackRock (77% of total AUM initially committed to be managed in line with net zero), Danske Bank (68% of total AUM) and Vanguard (just 4% of total AUM). NZAM is an international group of asset managers committed to supporting the goal of net-zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C. The initiative now has 273 signatories who together have more than $61trn in assets under management (AUM). New net zero finance alliance launches to achieve net zero The latest targets mean ...