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Fund Managers Commit $16 Trillion to Meeting Net-Zero Target

Fund managers that committed to net-zero emissions by mid-century have now promised to manage 39% of their assets in line with that goal as a first step.

The move, which includes Allianz Global Investors, BlackRock Inc. and Royal London Asset Management, represents $16 trillion in funds under management, and marks the latest commitment by the Net Zero Asset Managers initiative, according to a statement on Tuesday.