Vanguard exits net-zero group

Vanguard Group Inc. is exiting the world’s largest climate-finance alliance.

Company officials cited a “considerable period of review" that led to the move that "will help provide the clarity our investors desire."

The move marks the Net Zero Asset Managers initiative’s biggest defection to date as Republican politicians in the United States ramp up threats against companies with environmental, social and governance policies.

Read more from Bloomberg.