VCM Report: Bear market hits the bottom as Vanguard quits climate initiative

Published 18:27 on December 12, 2022  /  Last updated at 22:55 on December 12, 2022  /  Aviation/CORSIA, Climate Talks, International, Nature-based, Paris Article 6, Voluntary  /  No Comments

Voluntary offsets tumbled last week, sinking to year lows Wednesday that coincided with reports of Vanguard, the world’s second largest asset manager, pulling out of the Net Zero Asset Managers Initiative (NZAM).

Voluntary offsets tumbled over the past week, sinking to year lows at one stage as Vanguard, the world’s second largest asset manager, pulled out of a key investor climate initiative.

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