JPMorgan, State Street Pull Out of ‘Woke’ Investment Climate Pact

Published on February 15, 2024

JPMorgan Chase’s asset management arm and State Street Global Advisors have announced they’re dropping out of the United Nations-led climate pact focused on prodding companies to fight the supposedly urgent problem of climate change. The decisions, announced in statements provided to The Epoch Times, represent a blow to the climate pact, known as Climate Action 100+, an alliance of roughly 700 institutional investors with $68 trillion under management, established in 2017 under U.N. guidance. The pact, led by a global steering committee guided by “equality, diversity, and inclusion,” uses shareholder influence to badger companies into strengthening governance on climate change, reducing greenhouse gas emissions, and adopting more stringent climate-related financial disclosures....

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