JPMorgan and State Street are departing from the investor group Climate Action 100+ (CA100+), signaling a significant shift. The group was established to urge companies to increase their ambition in climate action and decarbonization. Additionally, Blackrock, the world’s largest asset manager, had previously announced plans to transition its commitment from the headquarters to a smaller, international branch. With these withdrawals, a total of 14 trillion dollars in assets under management is exiting the CA100+ group, as reported by Reuters. The decisions by the asset managers to withdraw came after CA100+ called on participating financial firms to take stronger actions.