Asset management firm BlackRock is leaving a climate-focused investing group, the group confirmed.

“We are disappointed to see any investor withdraw, but as a voluntary initiative, we respect any individual decisions signatories take,” said a spokesperson for the Net Zero Asset Managers initiative in an emailed statement to The Hill.

“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,” the group said.

BlackRock did not immediately........

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