T. Rowe Among Signatories to Resurrected Net Zero Alliance

The T. Rowe Price Group Inc. headquarters in Baltimore, Maryland, US.

Photographer: Al Drago/Bloomberg

A net zero alliance for asset managers has resurrected itself after shelving its work last year amid a wave of US defections.

The Net Zero Asset Managers initiative now has more than 250 signatories, including Aberdeen Investments and Amundi SA, as well as the European and UK entities of T. Rowe Price Group Inc. and ​​Wellington Management, according to a statement on Wednesday.