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Vanguard quits $66tn net-zero coalition
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Vanguard has left a $66tn global alliance trying to combat climate change, raising questions over whether other fund groups will follow suit amid increased scrutiny on such initiatives.
The $8.1tn passives giant said on 7 December it was quitting the Net Zero Asset Managers initiative in a bid to provide “clarity” to investors and to assert its independence.
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