---
title: Two of the world’s biggest asset managers are quitting Climate Action 100+, an investor group set up to prod companies over global warming.
description: "Two of the world’s biggest asset managers are quitting an investor group set up to prod companies over global warming and a third is scaling back its participation, in a major setback to the ambitions of Climate Action 100+.\n\nJPMorgan Asset Management and State Street Global Advisors both confirmed they were leaving Climate Action 100+. BlackRock, the world’s largest money manager, is pulling out as a corporate member and transferring its participation to its smaller international arm.\n\nThe departures weaken the climate group’s plan to use shareholder influence to step up pressure on polluting companies to decarbonise, because they mean that none of the world’s five largest asset managers are fully behind the effort.\n\nhttps://lnkd.in/eWcb-iPU\n\nSource: FT"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Two of the world’s biggest asset managers are quitting Climate Action 100+, an investor group set up to prod companies over global warming.](https://blog.syzgroup.com/syz-the-moment/two-of-the-worlds-biggest-asset-managers-are-quitting-climate-action-100-an-investor-group-set-up-to-prod-companies-over-global-warming)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Feb 16, 2024, 10:20:41 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/two-of-the-worlds-biggest-asset-managers-are-quitting-climate-action-100-an-investor-group-set-up-to-prod-companies-over-global-warming)

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