Asset managers not 'environmental police', says BlackRock's Fink
Despite a growing need to address the energy transition, asset managers should not be the 'environmental police', BlackRock's Larry Fink said, amid growing pushback in several US states against investors' stance on sustainability.
BlackRock hit with $794m Louisiana divestment due to 'net zero' push
The treasurer of Louisiana has pledged to divest from all investments made by the state in BlackRock funds in a further escalation of the sustainable investing political backlash in the US.
BlackRock will vote against more climate resolutions in 2022
BlackRock has warned it will vote against more climate resolutions this year, claiming that most resolutions proposed by shareholders and activists have become too prescriptive.
BlackRock's Fink lauds decarbonisation 'phoenixes' over divestment
BlackRock chief executive Larry Fink rejected sectoral divestment as a means to deliver a net-zero transition in his annual letter to fellow bosses...
News round-up: BlackRock, JP Morgan, RBC, UBS, and more
BlackRock integrates climate considerations into capital market assumptions
The world's largest asset manager BlackRock is to integrate climate considerations into its capital market assumptions (CMAs), the long-term return expectations for asset classes that form the cornerstones of client portfolios.
BlackRock partners with RepRisk for private company ESG data
BlackRock's Fink targets net-zero
BlackRock CEO Larry Fink has made the transition to a low-carbon economy the key theme of his annual letter, announcing a range of actions, including a demand for investee companies to adopt net-zero business plans.
BlackRock builds climate risk data into its portfolio management software
BlackRock, the world's largest asset manager, has created a dedicated climate risk management platform as part of its portfolio management software Aladdin.