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JPMorgan’s Fund Unit Leaves Industry’s Net Zero Climate Alliance

Bloomberg · last updated

JPMorgan Chase & Co.’s asset-management unit is quitting the Net Zero Asset Managers Initiative, adding to the growing number of defections from the industry’s climate alliance.

The company said in a statement that it made the decision after NZAMI announced earlier this year that it has paused operations because of the changing regulatory environment and client expectations.

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