LONDON, Feb 25 (Reuters) - The Net Zero ​Asset Managers

initiative re-launched ‌on Wednesday with ⁠more than 250 ⁠members

backing a ‌new, ‌weaker Commitment Statement ​after the ‌exit of

BlackRock ( BLK ) and amid ​a U.S. ​political ‌backlash that

triggered a year-long suspension of ⁠the climate ⁠group.

The group's new membership statement, created ⁠following ‌a

six-month review, ‌no longer has ⁠an explicit requirement for

members to align their investment portfolios with ​net-zero by

2050.