Finance
Money Managers Pledge to Hit Net Zero. Now the Hard Part
Lots of promises have been made, but it could be years until we see any results.
Laurence "Larry" Fink, chairman and chief executive officer of BlackRock Inc.
Photographer: Justin Chin/Bloomberg
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In the past week, Macquarie Asset Management, the New York State Common Retirement Fund and a group of 30 fund management companies have come out with statements saying they’re serious about getting the world to net-zero emissions.
The announcements are welcome news, but now comes the hard part: How will all these investment firms and pension plans put their words into action, and how long will it take?