Archive

BlackRock's Fink omits 'climate change' from annual letter

BlackRock CEO Larry Fink made no explicit reference to 'climate change' or diversity, equity and inclusion in the latest annual letter to shareholders - marking a big shift compared with his public messaging in past years.

Asset manager support for ESG resolutions slumps, says ShareAction

Responsible investment charity ShareAction has found asset manager support for environmental & social-focused resolutions has dwindled over the past year.

People Moves, 14 February: BlackRock; HSBC; Colesco Capital; Bloomberg ... and more

US state settles anti-ESG lawsuit with BlackRock

BlackRock launches fund with SDR label

BlackRock has launched its first fund to have a label under the UK's Sustainability Disclosure Requirements (SDR) regime.

Comment: NZAM and others must adapt or die

Whether bodies such as NZAM will be able to prevent further departures remains to be seen, writes Rob Langston

Airline pension plan breached fiduciary duty with BlackRock ESG strategy, US judge rules

American Airlines breached the fiduciary duty it owed its pension plan clients under US federal law by selecting BlackRock, because it allowed the latter's "ESG interests" - rather than just its financial interests - to influence investment decisions, a judge ruled.

BlackRock to engage on ISSB and TNFD reporting - but transition plans 'not a voting issue'

BlackRock has called for disclosure in line with the International Sustainability Standards Board (ISSB) standards and the Taskforce on Nature-related Financial Disclosures (TNFD), as it published updated engagement priorities for this year.

BlackRock to convert European equity fund to transition focus

BlackRock has announced plans to rebrand and change the investment policy and objectives of its €345.9 million ($378.7 million) European Focus Fund and will rename it as the European Equity Transition Fund.

ALTÉRRA commits $350m to BlackRock emerging markets transition strategy

ALTÉRRA has announced its second big deal of New York Climate Week, after committing $350 million to BlackRock's emerging markets transition infrastructure strategy.