Date: 14th January 2020
Author: BETTER FINANCE
Type: In the news
BlackRock Inc. will ditch investments with high sustainability-related risk as climate concerns drive a sweeping change in the way the world’s largest asset manager invests its $7 trillion in assets.
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Activists have been calling on BlackRock to do more around the climate crisis.
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Operating in more than 30 countries, and as one of the biggest holders of most U.S. publicly traded companies, its clients include large sovereign wealth funds, state pension plans and financial advisers with viewpoints that don’t necessarily align on what to do about climate change and social justice issues.
Read the full Bloomberg article here.