APAC asset owners stand by climate group as BlackRock, SSGA exit

Asian institutional investors have re-affirmed their commitment to collective action in addressing the climate crisis, after three of the world’s largest asset managers either pulled out of or scaled back their commitment to Climate Action 100+, an investor-led climate initiative representing investors with more than $65 trillion. JPMorgan Asset Management (JPMAM) and State Street Global Advisors (SSGA) said they were pulling out of Climate Action 100+ earlier in February. Black…