NAZM Statement on Blackrock’s departure from the initiative

We are disappointed to see any investor withdraw, but as a voluntary initiative, we respect any individual decisions signatories take.

Climate risk is financial risk. NZAM exists to help investors mitigate these risks and to realise the benefits of the economic transition to net zero.

NZAM has successfully supported investors globally as they have sought to navigate their own individual paths in the energy transition in line with their fiduciary duties and clients’ long-term financial objectives. NZAM looks forward to continuing to play this constructive role with investors around the world.