JPMorgan, BlackRock drop out of massive UN climate alliance in stunning move

Retrieved on: 2024-02-15 19:46:23

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Corporate social responsibility

Social finance

Socially responsible investing

Larry Fink

Ceres

Environmental, social and corporate governance

United States

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JPMorgan, BlackRock drop out of massive UN climate alliance in stunning move. View article details on HISWAI: https://nypost.com/2024/02/15/business/jpmorgan-blackrock-drop-out-of-massive-un-climate-alliance-in-stunning-move/

Summary

The article discusses JPMorgan Chase, BlackRock, and State Street's withdrawal from the Climate Action 100+ alliance, a UN initiative aimed at combating global warming through corporate sustainability. The financial giants faced pressure over their ESG (Environmental, Social, and Governance) priorities and legal concerns, amidst a broader push against ESG and socially responsible investing in the United States.

Article found on: nypost.com

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