LONDON - November 4, 2020: Northern Trust logo and sign at the top of the 50 Bank Street Northern Trust building, Canary Wharf. Credit: Dave Cooil/Adobe Stock
The climate change retreat is growing, as trillion dollar asset manager Northern Trust exits Net Zero Asset Managers Initiative just weeks after BlackRock, the world’s largest asset manager, quit the initiative. Northern Trust, which is the third major asset manager to exit NZAM, has also withdrawn from Climate Action 100+, an investor-led initiative to ensure the world’s largest corporate greenhouse gas emitters take action on climate change to mitigate financial risk.
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Lynn Cavanaugh
Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. Prior, she was editor-in-chief of the What's New in Benefits & Compensation newsletter. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast and American Media.
