Tariq Fancy has some dire warnings about the disconnect between ESG rhetoric and reality in USA Today, concluding, “We’re running out of time and need to accept the truth: To fix our system and curb a growing disaster, we need government to fix the rules.” The financial services industry is duping the American public with…
Category: blackrock
BlackRock should disclose political activity, pension funds say – The Washington Post
Public pension funds overseeing more than $1 trillion are piling pressure on BlackRock, the world’s largest asset manager, to ramp up disclosure of its political activities in the wake of the Jan. 6 assault on the U.S. Capitol. In a Monday letter to BlackRock CEO Larry Fink, 24 officials from retirement funds accuse the Wall…
Greenwashing Wall Street’s Invisible Hand – The Daily Poster
The chief executive of the world’s largest asset manager was rewarded with laudatory headlines this week for once again promising that his firm, BlackRock, will use its market power to aid the fight against climate change. But CEO Larry Fink’s company has a long history of helping vote down environmental initiatives — and kept doing…
Larry Fink CEO Letter Moves Further on ESG | BlackRock
Larry Fink’s 2021 letter to investors makes it clear that ESG issues are integral to investment decisions throughout BlackRock. I believe that the pandemic has presented such an existential crisis – such a stark reminder of our fragility – that it has driven us to confront the global threat of climate change more forcefully and…
A “Tectonic Shift” Toward Sustainability: BlackRock Investment Institute
A focus on sustainability can help make portfolios more resilient. We believe the adoption of sustainable investing is a tectonic shift that will carry a return advantage for years to come – and the coronavirus shock seems to be accelerating this shift. via Global Weekly Commentary | BlackRock Investment Institute A commonly held view is…
BlackRock Shows Resolve and Restraint in Public Climate Test – Bloomberg
In the first major test of BlackRock Inc.’s commitment to use its vast influence and resources to fight climate change, the asset manager showed a capacity both for combativeness and restraint. The $6.5 trillion firm said in a report on Tuesday it identified 244 companies during the 2020 annual proxy season that weren’t doing enough…
Dark Money: It’s Time for Boards and Institutional Investors to Act on Racial Justice
Bruce Freed of The Center for Political Accountability and Eleanor Bloxham of The Value Alliance have an important op-ed in Barron’s about the long-standing opposition of the Big 3 institutional investors – BlackRock, Vanguard and Fidelity — to shareholder resolutions calling for disclosure of political disclosure and the connection to corporate political spending that has…
Climate Change Lobbying Proposal Gets Majority Support at Chevron – Los Angeles Times
Here’s a shareholder resolution Chevron will find hard to ignore. At the big oil company’s annual meeting, held Wednesday in a virtual format, a majority of shares were voted in favor of a proposal that the company issue an annual report disclosing its lobbying expenditures on climate change and explaining how they align with the goals…
The One Percent Begs Larry Fink to Lighten Up
In case you thought this period of re-assessment of policies and priorities might lead to a universal recognition of the importance of long-term sustainability, we can now assure you that is not the case. Indeed, we believe that it is the prospect of a better alignment to prevent corporate leaders from externalizing their costs that…
