Archive

  • BlackRock increasingly opposes climate proposals, blaming their 'declining quality'

    24 August 2023

    The world's largest asset manager has criticised the "continued decline" in quality of shareholder proposals, as it voted against significantly more climate-related proposals, ...

  • Asset managers not 'environmental police', says BlackRock's Fink

    15 March 2023

    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

    07 October 2022

    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

    11 May 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

    18 January 2022

    BlackRock chief executive Larry Fink rejected sectoral divestment as a means to deliver a net-zero transition in his annual letter to fellow bosses...

  • BlackRock integrates climate considerations into capital market assumptions

    26 February 2021

    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's Fink targets net-zero

    26 January 2021

    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.