NEW YORK - The Net Zero Asset Managers initiative (NZAM) announced today that it has relaunchedthe initiative, in a move that comes almost exactly one year after NZAM suspended activities in the wake of the departure of one of its biggest members, BlackRock.

NZAM said its relaunch includes the support of more than 250 asset managers, who can use the platform to disclose their individual net-zero commitments and plans for implementation.

In response, Ben Cushing, campaign director of the Sierra Club's Sustainable Finance campaign, issued the following statement:

"The relaunch of the Net Zero Asset Managers initiative is an important signal that many firms are not abandoning basic climate commitments, but membership is not the same as action. Asset managers are service providers to asset owners, and their climate strategies should reflect clear client mandates to manage systemic risk. The real test is whether managers are shifting capital toward climate solutions, ending support for new fossil fuel expansion, and using their leverage to secure credible transition plans from portfolio companies. If NZAM becomes a softer framework that firms can cite without changing financing or stewardship practices, it will be largely symbolic. Asset owners should treat NZAM participation as a floor, not a ceiling, and hold managers accountable when commitments are not matched by measurable results."

About the Sierra Club

The Sierra Club is America's largest and most influential grassroots environmental organization, with millions of members and supporters. In addition to protecting every person's right to get outdoors and access the healing power of nature, the Sierra Club works to promote clean energy, safeguard the health of our communities, protect wildlife, and preserve our remaining wild places through grassroots activism, public education, lobbying, and legal action. For more information, visit https://www.sierraclub.org.