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BlackRock’s Climate Activism Has a Passive Problem

Larry Fink is putting the climate emergency at the forefront of his company’s investment strategy. But trillions of dollars of passive money remain unavailable for the fight......»»

Category: topSource: washpostJan 14th, 2020

In One Chart: This unappreciated climate-change risk lurks in many portfolios according to BlackRock

Water stress — when demand for H20 exceeds supply — is an underappreciated investing risk that cuts across regions, asset classes and sectors, the world’s largest fund firm BlackRock warns......»»

Category: topSource: marketwatchJul 27th, 2020

Big Tech has a big climate problem. Now, it’s being forced to clean up.

Big Tech’s role in global warming varies from company to company, and one by one, the giants of Silicon Valley have been compelled to address their own role in the climate crisis......»»

Category: topSource: bizjournalsJul 21st, 2020

"This is much more psychological": Why the CEO of the world"s largest asset manager says the COVID-19 crisis is nothing like 2008

The financial crisis of 2008 and the economic damage caused by the COVID-19 pandemic are far different, according to BlackRock CEO Larry Fink. "This is an existential problem, so it's way beyond a financial crisis t.....»»

Category: topSource: businessinsiderJul 18th, 2020

Business Next: Could climate change work to Buffalo’s benefit? It’s not likely

Climate change is often depicted as a coastal problem — that is, an Atlantic Ocean, Gulf of Mexico and Pacific Ocean coastal problem. But you might pause for a moment and consider this fact: Buffalo is a coastal city, too......»»

Category: topSource: bizjournalsJul 1st, 2020

Amazon puts $2B toward fighting climate change as it reports its own growing carbon footprint

Amazon.com Inc. (Nasdaq: AMZN) hopes the world can innovate its way out of climate change, and it will throw some serious cash at the problem to that end, the company said June 23. The company will drop $2 billion into a "Climate Pledge Fund," w.....»»

Category: topSource: bizjournalsJun 25th, 2020

BlackRock votes to split CEO, chairman roles at Exxon Mobil

Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks......»»

Category: topSource: reutersMay 27th, 2020

BlackRock says voted to split CEO, chairman roles at Exxon Mobil

Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman and against the reelection of two directors at Exxon Mobil Corp over the company's approach to climate risks......»»

Category: topSource: reutersMay 27th, 2020

BlackRock Under Pressure From Activist Shareholders On Mindful Climate-Related Investing

BlackRock Inc. (NYSE: BLK) came under pressure on climate-related topics on Thursday during its shareholder meeting. read more.....»»

Category: blogSource: benzingaMay 22nd, 2020

BlackRock uses shareholder meeting to insist it follows version of ‘corporate purpose’ framework, push environmental priorities

BlackRock Inc., the world’s largest asset manager with nearly $7 trillion under its control, was pushed by shareholders Thursday to better defend its stance in support of mindfully investing to slow climate change......»»

Category: topSource: marketwatchMay 22nd, 2020

BlackRock accused of climate change hypocrisy, FT reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 18th, 2020

BlackRock names London-based executive as new stewardship chief

BlackRock Inc on Thursday said it named London-based financial executive Sandy Boss as its new head of investment stewardship, bringing a more international structure to the top asset manager's voting on topics like climate change and social issues......»»

Category: topSource: reutersApr 30th, 2020

BlackRock says sustainability reports might slide during pandemic

Top asset manager BlackRock Inc, which has vowed to put more focus on climate issues, said that companies might give a lower priority to sustainability reports as they struggle with the COVID-19 pandemic......»»

Category: topSource: reutersApr 22nd, 2020

BlackRock stands by climate priorities, sees tougher shareholder votes

BlackRock Inc executives who set the asset manager's influential proxy votes on Tuesday outlined tougher priorities tied to climate change and executive pay for the upcoming corporate annual meeting season......»»

Category: topSource: reutersMar 18th, 2020

Market Crash Reveals The "Liquidity Problem" Of Passive Investing

Market Crash Reveals The "Liquidity Problem" Of Passive Investing Authored by Lance Roberts via RealInvestmentAd.....»»

Category: blogSource: zerohedgeMar 9th, 2020

Commentary: Reform in progress over Missouri"s legal climate

For most businesses, their state’s legal climate is rarely an acute concern — until they are sued. Getting sued is an especially big problem for businesses in Missouri, which happens to have one of the nation’s worst legal climates. And even t.....»»

Category: topSource: bizjournalsMar 5th, 2020

BlackRock faces critics on Amazon deforestation

CEO Larry Fink called climate change a "profound crisis," but environmentalists say world's biggest investor must do more......»»

Category: topSource: moneycentralMar 2nd, 2020

How ‘Stewardship’ Aims to Make Passive Funds Greener

What happens when the century’s two biggest investment trends collide? That is, what happens when pressure to make climate change a focus of investment decisions runs into the multi-trillion dollar flow of money into passively managed funds, m.....»»

Category: topSource: washpostFeb 23rd, 2020

BlackRock Divests Coal in Climate Change Action Pledge

Larry Fink pushes forward with a new climate-focused and purpose-driven strategyRelated Stocks: BLK, XOM, BTU,.....»»

Category: blogSource: gurufocusFeb 11th, 2020

Climate activists invade BlackRock office in Paris

Dozens of climate activists invaded U.S. asset manager BlackRock's office in central Paris on Monday, calling for the fund to pull out of fossil fuel investments......»»

Category: topSource: reutersFeb 10th, 2020

Top U.S. fund firms split over new limits on shareholder votes

Pending U.S. securities rules that would limit shareholder proposals have divided passive and active U.S. fund firms as some take a harder line on issues like climate change......»»

Category: topSource: reutersJan 31st, 2020