Vanguard Group Inc is pulling out of a major investment-industry initiative on tackling climate change, the world's biggest mutual fund manager said on Wednesday, explaining it wants to demonstrate independence and clarify its views for investors.
from Republican U.S. politicians over their use of environmental, social and governance factors in picking and managing securities.
One focus of criticism has been the effort known as the Net Zero Asset Managers initiative, launched in late 2020 to encourage fund firms to reach net zero emission targets by 2050 and limit the rise in global temperatures. As of Nov. 9, NZAM counted 291 signatories representing some $66 trillion in assets under management.
"We have decided to withdraw from NZAM so that we can provide the clarity our investors desire about the role of index funds and about how we think about material risks, including climate-related risks—and to make clear that Vanguard speaks independently on matters of importance to our investors," VanguardClosely held Vanguard did not make executives available for comment. But its statement addresses a criticism from some investors and U.S.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Jenna Ortega and Emma Myers Seemingly Ship Wednesday and Enid Dating in Netflix's 'Wednesday'I, too, ship 'Wenclair.'
Les mer »
Panda Restaurant Group Inc.🏆 Congratulations to The Dallas Morning News Top 100 Places to Work 2022 winner PandaExpress! DMNTop100PlacestoWork 🔎 Company profile: 🔝 💯 The Top 100:
Les mer »
French environmentalists file complaint against Apple for wasteful practicesA French environmental campaign group filed a complaint against Apple Inc. over commercial practices restricting the use of spare parts for repairs, it said on Wednesday.
Les mer »
Beauty Inc Awards: The 2022 Brands of the YearIn the mass market, E.l.f. turned in one of the year’s top performances. Likewise, MAC jumpstarted the prestige market with a combination of cutting-edge products and a revamped approach to the in-store experience. Here are the 2022 Brands of the Year.
Les mer »
Jack Henry & Associates Inc.🏆 Congratulations to The Dallas Morning News Top 100 Places to Work 2022 winner JackHenryAssoc! DMNTop100PlacestoWork 🔎 Company profile: 🔝 💯 The Top 100:
Les mer »