By Simon Jessop

LONDON (Reuters) -A flagship climate coalition for asset managers has dropped some targets for members, a document seen by Reuters shows, months after U.S. political pressure prompted BlackRock to leave and the group to suspend its activities.

The decision by the Net Zero Asset Managers Initiative follows similar steps at sister groups for banking and insurance, all after attacks from Republican politicians who accused them of being in breach of antitrust rules.

The move comes days ahead of the COP30 climate talks in Brazil where many fund managers will gather at a series of events linked to the global effort to decarbonise the economy.

2050 NET-ZERO GOAL FOR INVESTMENT PORTFOLIOS DROPPED

After BlackRock left January 9 citing confusion over the coalition’s climate effo

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