Net zero investor coalition relaunches after BlackRock exit
25 feb. 2026
15:31
After suspending operations following Donald Trump’s re-election and the departure of its largest member, the world’s biggest net zero asset manager coalition has relaunched. But the initiative looks noticeably weaker than before.
The Net Zero Asset Managers (NZAM) initiative has relaunched with more than 250 signatories, marking a scaled-back return for one of the investment industry’s flagship climate alliances.
The group suspended operations in January 2025 days after BlackRock – the world’s largest asset manager – exited amid mounting US scrutiny of ESG initiatives following Donald Trump’s re-election.