ESG

Abrdn, LGIM, Schroders stick by climate coalition after US heavyweights exit

Growing divide between European and US fund groups as anti-ESG backlash ramps up

Climate Action 100+ has seen a string of US fund managers exit in the last week
Climate Action 100+ has seen a string of US fund managers exit in the last week Photo: Costfoto/NurPhoto via Getty Images

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Europe’s largest asset managers are sticking by a $68tn climate coalition that has seen some of its biggest US backers withdraw their support to avoid possible legal blowback.

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Bank of New York Mellon Approached Northern Trust to Discuss Potential MergerExternal link

Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger