Major financial institutions are abandoning net-zero climate alliances amid political pressure and legal threats, signaling a potential shift in the landscape of climate finance.

Trillion dollar asset manager Northern Trust has also quit Climate Action 100+, an investor-led initiative of financial ...

Many state plans confirm their climate-forward and sustainable investing initiatives as BlackRock retreats from its ...

Dutch technology industry scheme wrote to the asset manager as it feels increasingly uncomfortable with "BlackRock's retreat ...

Big banks have been backing away from their commitment to fight climate change via "net zero" carbon emissions as political ...

Engineering pension fund PME, one of the largest in the Netherlands, is considering breaking ties with asset manager ...

The state's attorney general warned Goldman, JPMorgan, BlackRock, and other heavyweights of possible legal consequences to their diversity policies.

Texas Attorney General Ken Paxton wrote on Jan. 23 to the firms saying they appear “to unlawfully advance discriminatory” ...

BlackRock, Inc. has settled a dispute with Tennessee over its ESG practices, which the state said misled consumers.

Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of ...

As the foundations of the ESG movement collapse, so are some of the institutions that sprang up around it. The United Nations created one such institution, the “ Net Zero Asset Managers Initiative ,” ...

BlackRock (BLK) reported record fourth-quarter and full-year earnings results as the world’s largest asset manager continued ...