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BlackRock quits Net Zero Asset Managers initiative

Written by Adam Cadle
10/01/2025

BlackRock is leaving the Net Zero Asset Managers initiative after coming under pressure from Republican politicians over its support for “woke” climate policies.

In a letter to clients, BlackRock said its membership of organisations like the Net Zero Asset Managers initiative had “caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials”.

The asset manager said that two thirds of its global clients were committed to cutting emissions to net-zero and that its departure “does not change the way we develop products and solutions for clients or how we manage their portfolios”.

It added: “BlackRock’s active portfolio managers continue to assess material climate-related risks, alongside other investment risks, in delivering or clients.”


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