JP Morgan AM cuts ties with climate change action group

Climate Action 100+

Eve Maddock-Jones
clock • 1 min read

JP Morgan Asset Management has elected to not renew its membership with climate activist group Climate Action 100+.

The group is an investor-led initiative which challenges global companies to reduce their overall carbon footprint, with 170 firms currently selected for engagement. JPMAM joined in 2020, as did BlackRock and State Street Global Advisors. TSMC and Infosys most frequent top ten holdings across JP Morgan AM trust stable The latter two are still listed on Climate Action's website, along with other asset management firms, including abrdn, Brown Advisory and Goldman Sachs Asset Management A spokesperson for JPMAM told Investment Week it was not renewing its membership "in recognition...

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