BlackRock Exits Net Zero Coalition, Says Move Won’t Change …
5 days ago · BlackRock announced that it has decided to leave the Net Zero Asset Managers (NZAM) initiative, a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions by 2050, marking a significant symbolic victory for anti-ESG politicians who had been threatening the investment giant ...
Exclusive: Investor climate group suspends activities after BlackRock ...
1 day ago · Ross Kerber is U.S. Sustainable Business Correspondent for Reuters News, a beat he created to cover investors’ growing concern for environmental, social and governance (ESG) issues, and the ...
BlackRock quits climate group as Wall Street lowers …
5 days ago · BlackRock cites legal inquiries for leaving NZAMI Republicans criticize 'woke capital', sue top fund managers So far other asset managers remain in group Jan 9 (Reuters) - BlackRock (BLK.N), opens ...
BlackRock Withdraws From Climate Coalition, Backpedaling Again on ESG …
By 2023, Fink toned down his ESG rhetoric amid backlash from conservative groups. Texas, Oklahoma and other red states filed lawsuits against BlackRock, claiming its participation in climate ...
BlackRock Withdraws From Climate Coalition, Backpedaling Again on ESG
5 days ago · BlackRock BLK 0.68% increase; green up pointing triangle is pulling out of a United Nations-sponsored climate initiative, a remarkable U-turn for a company that was once a poster child of the ...
Exclusive | BlackRock exits Net Zero Alliance as backlash over ESG ...
Jan 7, 2025 · BlackRock — which for years has courted controversy with its focus on so-called ESG, or Environmental Social Governance investing — is considering an exit of the so-called “Net Zero ...
ESG round-up: BlackRock quits Net Zero Asset Managers initiative
5 days ago · BlackRock has become the latest financial giant to quit a net-zero alliance, withdrawing from the Net Zero Asset Managers initiative (NZAM) on Thursday evening. In a client letter seen by Responsible Investor, the US manager said its membership “caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials” and that following a routine ...
BlackRock Leaves Major Climate Group Amid Wall Street Exodus
5 days ago · BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for its efforts on global warming.
BlackRock's Fink says he's stopped using 'weaponised' term ESG
Jun 26, 2023 · BlackRock boss Larry Fink, at the forefront of the business world's adoption of environmental, social and corporate governance (ESG) standards, has stopped using the term, saying it has become...
Net Zero Investor Coalition Hits Pause After BlackRock Exit
1 day ago · The move may also be aimed at staving off a repeat of a rapid exodus experienced by NZAM’s sister coalition, the Net-Zero Banking Alliance (NZBA), which saw all major U.S. banks leave within a month, following the initial exit of Goldman Sachs in early December.. The flood of departures from the net zero coalitions comes in the context of the upcoming inauguration of Donald Trump, and ...
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