- The article expresses disappointment at Blackrock's withdrawal from the initiative.
- It acknowledges that the initiative is voluntary and respects the decisions of individual signatories.
- It emphasizes that climate risk constitutes financial risk.
- NZAM aims to assist investors in mitigating these risks and benefiting from the transition to net zero.
- The initiative has successfully supported global investors in navigating their energy transition while adhering to fiduciary responsibilities and long-term client objectives.
- NZAM anticipates continuing its constructive role with investors worldwide.
Statement on Blackrock’s departure from the initiative
Posted on
10 January 2025We are disappointed to see any investor withdraw, but as a voluntary initiative, we respect any individual decisions signatories take.
Climate risk is financial risk. NZAM exists to help investors mitigate these risks and to realise the benefits of the economic transition to net zero.
NZAM has successfully supported investors globally as they have sought to navigate their own individual paths in the energy transition in line with their fiduciary duties and clients’ long-term financial objectives. NZAM looks forward to continuing to play this constructive role with investors around the world.
.svg)
