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Vanguard, Blackrock join investors pledging net-zero emissions

The world's largest asset managers have joined a group of investors committing to cut the net greenhouse-gas emissions of their portfolios to zero.

Vanguard has joined Net Zero Asset Managers. | Photo: Strf/AP/Ritzau Scanpix/AP

Blackrock and Vanguard Group are among 43 investment firms managing more than USD 22.8tn of assets that are joining the Net Zero Asset Managers initiative, according to a statement Monday.

By signing up, the money managers are pledging to support efforts to limit global warming to 1.5 degrees Celsius by targeting net-zero emissions by 2050 across all their holdings. They also will set a public goal for the proportion of their assets that in 2030 will be on course for net zero.

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