By BlackRock’s and Vanguard’s powers combined (well, and 43 others) here comes Captain Planet!
Actually, it’s some of the world’s largest asset managers that have come together to make the world a better place. BlackRock, Vanguard, and fellow investment managers are committing to cut their portfolios’ net greenhouse gas emissions to zilch, zip, nada. The Net Zero Asset Managers pledge to limit global warming by having all the members’ holdings (that’s $22.8t of assets altogether) hit a zero-emission target by 2050.
After all, climate change will not just impact the environment, but corporations and stock markets too. GO PLANET!