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BlackRock leaves climate initiative NZAM

by Elise Mackanych | Jan 21, 2025

BlackRock has left the Net Zero Asset Managers, a climate initiative backed by the United Nations. BlackRock’s departure from NZAM occurred days before the upcoming presidential administration change in the United States.

Pension funds across the United States remain fragile at the end of 2024

by Elise Mackanych | Jan 21, 2025

Thanks to strong financial market performance and a healthy average investment return, the funded status for local and state pension funds has improved in 2024. However, these plans remain fragile, as 2024 became the 17th consecutive year with an average funded ratio below 90 percent.
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