BlackRock’s ESG Shareholder Support Reaches New Low
BlackRock, the world's largest asset manager, has reduced its backing for shareholder proposals related to environmental and social issues to a record low of 4.1% during the recent annual general meeting season, the company announced on Wednesday.
A BlackRock whistleblower files a lawsuit after getting fired
BlackRock is being sued for $20 million by former vice president Hamdan Azhar, who claims he was fired for objecting to a colleague's self-dealing and shutting down a search engine that monitored client discussions about illegal investments, including those in China.
BlackRock Responds to Saba’s Attack on Capital
Recently, BlackRock Inc. sent a striking message to its clients, deviating from the usual formal tone to deliver what can only be described as a rallying cry.
Mississippi intends to impose a multimillion-dollar fine on BlackRock for ESG investments
Mississippi Secretary of State Michael Watson declared on Wednesday the initiation of a cease-and-desist order against BlackRock, aimed at halting alleged fraudulent activities by the investment behemoth and seeking to impose a multimillion-dollar administrative penalty due to the company’s Enviro
The Texas Schools Fund withdraws $8.5 billion from BlackRock due to ESG investments
A Texas school fund announced its termination of BlackRock's $8.5 billion contract, accusing the investment giant of boycotting fossil fuel energy producers.
JPMorgan and State Street leave the Climate Initiative; BlackRock Takes a Backseat
JPMorgan Chase's and State Street's investment arms both withdrew from a global investor coalition that nudges companies to reduce climate-damaging emissions.
ESG strategy ‘misleading’: Tennessee sues BlackRock
The state of Tennessee has filed a lawsuit against BlackRock, the world's largest asset manager, accusing it of violating consumer protection laws by making "misleading" statements about its environmental, social, and corporate governance (ESG) investment strategies.
Vanguard Follows BlackRock in Opposing ESG Proposals by Shareholders
In a recent development, Vanguard has joined BlackRock in declining proposals related to environmental, social, and governance (ESG) matters put forward by shareholders.
BlackRock modifies position on ESG policies as decision regarding Bitcoin ETF nears
The top money manager in the world, BlackRock is well known for its support of environmental, social, and governance (ESG) considerations. However recent development suggests that the company’s emphasis on ESG has declined substantially.
