JP Morgan Asset Management, a significant player in global finance managing $3.1 trillion in assets, has decided to withdraw from the Climate Action 100+ coalition, an investor group worth $68 trillion focused on encouraging the world’s major greenhouse gas emitters to reduce their carbon footprint.
This move aligns with JP Morgan’s strategy to enhance its internal framework for managing climate risks, supported by its team of 40 sustainable investing professionals.
The exit from Climate Action 100+ is indicative of a broader trend where financial institutions
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