JPMorgan Chase’s asset management arm and State Street Global Advisors say they have withdrawn from the United Nations-led climate pact that’s focused on prodding companies to pursue environmental goals.
The decisions, announced in statements provided to The Epoch Times, represent a blow to the climate pact, known as Climate Action 100+, an alliance of roughly 700 institutional investors with $68 trillion under management that was established in 2017 under U.N. guidance.
