Northern Trust leaves climate alliances (2025)
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Northern Trust Asset Management became the latest trillion-dollar-plus firm to exit the Net-Zero Asset Managers Initiative. The company left Climate Action 100+ at the same time.
Northern Trust manages about $1.6 trillion in investments. The move is part of the trend of significant departures from global climate initiatives.
According to Pensions & Investments:
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The $1.6 trillion money manager confirmed in a statement that it had decided to withdraw from Climate Action 100+ and from the Net Zero Asset Managers initiative. “This decision reflects our confidence that we can independently and effectively manage material risks and engage with portfolio companies to safeguard and grow our clients’ capital,” the statement said. “We have made and continue to make investments that support our independent stewardship and sustainable investing capabilities.” … The initiative has lost a number of money management signatories over recent years.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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