BlackRock BLK1.34%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 ...

BlackRock, the worlds largest asset manager with $11.6 trillion under management, has reached a settlement with Tennessee Attorney General Jonathan Skrmetti over its use of sustainable-investment ...

The agreement dismisses the state’s 2023 lawsuit and does not find that the investment firm violated any laws. “We’re pleased to resolve this matter,” a BlackRock spokesperson said.

The settlement ends a lawsuit that was originally filed in December 2023 by the state of Tennessee under the Tennessee Consumer Protection Act. The suit alleged that BlackRock overstated the financial ...

BlackRock, which manages $11.6 trillion, has been the target of a barrage ... Chief Executive Officer Larry Fink has said he no longer uses the ESG label because it’s become too politicized.

BlackRock, which oversees more than $11 trillion ... collectively pulled billions of dollars from BlackRock. In response, Fink has said he no longer uses the ESG label because it’s become ...

BlackRock’s likely departure is more significant. The world’s largest investment fund, with more than $10 trillion in assets under management, was a leader in ESG investing, with its top ...

Trillion dollar asset manager ... by allowing BlackRock, its asset manager and a major shareholder, to focus on environmental, social and corporate governance (ESG) factors.