Japan's Tokio Marine Asset exits net-zero alliance after BlackRock

Industry climate initiative loses steam amid Trump rollbacks

20250326N smoke

Industry-based alliances working toward reaching net-zero emissions face headwinds as the Trump administration rolls back climate initiatives. © Reuters

OKI HIDAKA and HARUKI KITAGAWA

TOKYO -- Tokio Marine Asset Management left an environmentally focused investor group at the end of February, Nikkei has learned, marking the first exit by a major Japanese player amid growing headwinds on global efforts to combat climate change.

Tokio Marine Asset said it made the decision after reviewing the purpose of its membership, including whether participation in the Net Zero Asset Managers (NZAM) initiative was helping solve societal challenges.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.