BOSTON: Top asset managers BlackRock Inc and Vanguard Group Inc have joined an investor push to limit greenhouse gas emissions to net zero by 2050, giving new momentum to the effort despite concerns its goals have some wiggle room.
The two largest US fund firms will now account for roughly half of the US$32 trillion (RM131 trillion) of total assets supporting the initiative of groups including the Institutional Investors Group on Climate Change in Europe and the United Nations-backed Principles for Responsible Investment.