T. Rowe Among Signatories to Resurrected Net Zero Alliance

Core Viewpoint - The Net Zero Asset Managers (NZAM) initiative has been revived with over 250 signatories, aiming to support asset managers in aligning investments with net zero goals after a previous suspension due to a mass exodus from similar groups [1][2]. Group 1: NZAM Resurgence - NZAM was initially suspended in January 2025 for a review to ensure its relevance, coinciding with significant departures from net zero alliances [2]. - The initiative now positions itself as a voluntary forum that considers individual contexts of asset managers while promoting net zero investments [2]. Group 2: Signatories and Support - Notable signatories include Aberdeen Investments, Amundi SA, Fidelity International, Legal & General Investment Management, Lazard Asset Management, Lombard Odier Investment Managers, Schroders, and UBS Asset Management [3]. - The European and UK entities of T. Rowe Price Group Inc. and Wellington Management have also joined the initiative [1]. Group 3: Evolving Framework - The new NZAM framework reflects a shift from solely decarbonizing portfolios to a broader approach that includes transition investing, climate solutions, adaptation, and resilience [4]. - Amundi emphasizes the importance of aligning investment solutions with clients' sustainability preferences while actively supporting the transition to a low-carbon economy [5]. Group 4: Historical Context - NZAM was launched in late 2020 amid growing public support for climate action, but subsequent factors like inflation and energy security concerns have dampened enthusiasm for climate initiatives [6]. - At its peak, NZAM included major asset managers like BlackRock Inc. and Vanguard Group Inc., both of which have opted out of the relaunched group [7].