09:45 AM EDT, 03/21/2025 (MT Newswires) -- JPMorgan Chase's ( JPM ) asset management unit has left the industry climate group Net Zero Asset Managers, Reuters reported Friday, citing a company statement.

The group paused its operations in January in a bid to stop departures by its members amid "developments in the regulatory environment and client expectations," the report said.

"In light of that, JPMAM has decided to exit," a representative of JP Morgan Asset Management told Reuters.

JPMorgan ( JPM ) didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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