BlackRock’s Vow for Greener Planet to Get First Real-World Test – Bloomberg

Fink, who built the company from a mortgage-bond specialist into the largest asset manager in the world, has a crew of just a few dozen to prod the thousands of companies in BlackRock’s $7 trillion of funds to toe a more environmentally friendly line.

With the annual proxy season set to kick off in earnest next month, when shareholders get a chance to confront corporate leaders, pressure is starting to build on BlackRock’s 47-person group known as the investment-stewardship team. Each member of the squad is responsible for as many as 500 companies, generating a workload so vast that it can be very difficult to probe too deeply, according to interviews with five current and former members of the stewardship team.

via BlackRock’s Vow for Greener Planet to Get First Real-World Test – Bloomberg

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s