NZAM was launched in December 2020 with a group of 30 asset managers representing approximately $9 trillion of assets under management (AUM), and now includes more than 325 signatories and over $57 trillion in AUM. Signatories to NZAM agree to a series of commitments, including working with asset owner clients on decarbonization goals, setting and reviewing interim targets for a proportion of assets to be managed in line with net zero by 2050, tracking portfolio emissions, prioritizing the achievement of emissions reductions in the sectors and companies in which they invest, and implementing a stewardship and engagement strategy – including a voting policy – consistent with a net zero by 2050 portfolio goal, among others. BlackRock, as the largest global investment management company, and a leading voice in the investment community on climate and energy transition-related investment themes, has often found itself at the center of focus of the anti-ESG movement by Republican politicians in the U.S.