The Net Zero Asset Managers initiative (NZAM) is launching a review to ensure it remains fit for purpose following the recent exit of Blackrock from the organisation.

As the initiative undergoes this review, it is suspending activities to track signatory implementation and reporting. NZAM will also remove the commitment statement and list of NZAM signatories from its website, as well as their targets and related case studies, pending the outcome of the review. Signatories will be consulted throughout the review process and informed of any updates.

NZAM notes that it 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 and looks forward to continuing to play this constructive role with investors around the world.

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