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PFZW, one of the largest pension funds in the Netherlands, is the latest asset owner to voice discontent with US money managers that have retreated from climate alliances amid an all-out assault on net zero policies by the White House.
A BlackRock representative said the asset manager “noted PFZW’s redemption in the first half of 2025,” adding that it continues to help clients, including those in the Netherlands, meet their sustainable investing goals. PFZW has “always voted their portfolio with BlackRock themselves,” and BlackRock offers “eligible clients” the option to “participate in the stewardship of their assets,” the representative said.
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