From Quiver Quantitative:

Investment giants JPMorgan Chase, State Street, and partially BlackRock have left the Climate Action 100+ (CA100+), a major coalition advocating for climate action. This change withdraws almost $14 trillion in assets from collective efforts to address climate change on Wall Street. Their departures come as CA100+ intensifies its stance on companies that are sluggish in reducing emissions. This move raises concerns about Wall Street’s commitment to Environmental, Social, and Governance (ESG) issues, and could trigger short-term volatility in sectors at risk. The future of collective investor activism in climate change mitigation remains uncertain.



Read more: JPMorgan, State Street Exit Climate Action Group, BlackRock Reduces Role