NZAM

Major global firms no longer listed as members of Net Zero Asset Managers after initiative relaunch, others withdraw regional divisions.

Some still weighing up membership ahead of Thursday deadline to consider updated signatory statement.

The £65bn fund cites 'uncertainty' around NZAM status as part of wider responsible investing and voting update.

More flexibility was also needed to strike a balance between market differences, Rebecca Mikula-Wright tells RI.

Mixed views from both asset owners and signatories, some AOs critical of changes and question usefulness of initiative.

Sources say survey closes this week; investors believe the alliance hopes to balance US concerns while maintaining ambition.