Asset Managers · Sustainability

Vanguard exits net zero alliance, bows to Republicans

Vanguard exits net zero initiative, bows to Republican pressure

Vanguard, the world’s second-largest investment fund manager after BlackRock, is finding itself in a political tug of war in the US that now has led to its decision to withdraw a top international alliance of asset managers that seeks to promote sustainable, net zero investments, the Net Zero Asset Management initiative, also known as NZAM.

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