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BlackRock's stance on ESG — environmental, social and governance — issues has drawn sharp criticism from "red" states, which accuse the company of prioritizing them over financial interests.
BlackRock BLK.N was issued a legal warning by the state of Mississippi over "false and misleading statements to Mississippi investors" tied to its environmental, social and governance (ESG ...
With recent statements from Blackrock CEO Larry Fink indicating a move away from controversial ESG terminology and a reported loss of approximately $4 billion in managed assets tied to ESG ...
This past year, BlackRock was one of the main victims of attacks on business leaders pursuing an environmental, social, and corporate governance (ESG) agenda. That criticism hurt, and not just ...
The U.S. states of West Virginia, [10] Florida, [11] and Louisiana [12] have divested money away from or refuse to do business with the firm because of its ESG policies. BlackRock has been criticized for investing in companies that are involved in fossil fuels, the arms industry, the People's Liberation Army and human rights violations in China.
The Texas Permanent School Fund pulled its $8.5 billion investment from the asset-management giant BlackRock on Tuesday, saying its environmental policies are harmful to the state's energy industry.
A group of 15 Republican state attorneys general have questioned whether directors of BlackRock mutual funds are sufficiently independent of the world's largest asset manager. In a letter dated ...
The number of anti-ESG resolutions on corporate ballots between January 1 through May 31 rose by more than 400% from 2020 to 2023, according to ISS Corporate Solutions, a Rockville, Md.-based ...