The Net Zero Asset Managers initiative (net zero initiative) is an international group of asset managers that pledged to invest only in companies with net zero greenhouse gas (GHG) emissions by 2050 as a concerted effort to combat climate change. The initiative initially had non-US signatories like AllianzGI, Macquarie Asset Management, and Aberdeen Standard Investment, among others. Recently two heavyweights BlackRock and Vanguard joined this group. It now has 73 signatories with a total of $32 trillion in AUM. The core objective is for the asset managers to commit to consciously work with their investors to reduce global emissions.