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Mizuho fund manager joins $9tn club for net-zero carbon investing

Thirty global asset companies pledge to make portfolios CO2-neutral by 2050

People ride bikes in Beijing on a clear day: major asset management companies from around the world are joining the fight to curb carbon emissions.   © Reuters

TOKYO -- A group of 30 asset managers including a Mizuho Financial Group subsidiary will commit to achieving net-zero greenhouse gas emissions across their combined $9 trillion portfolio by 2050.

The Net Zero Asset Managers initiative launched Friday includes France's Axa Investment Managers and Fidelity International of the U.K. Signatories will urge portfolio companies to reduce carbon emissions through dialogue and their shareholder votes. The group also will seek cooperation from pension funds and other investors, as well as financial authorities, stock exchanges and credit rating agencies.

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