Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly ...

Asset manager BlackRock agreed to new disclosure requirements about its use of sustainable-investment factors as part of a ...

The lawsuit accused the firm of making “misleading” statements on how strongly ESG goals drove its investments.

The lawsuit filed in 2023 alleged unfair impact on the asset management giant's non-ESG funds due to its involvement in ...

BlackRock, the worlds largest asset manager with $11.6 trillion under management, has reached a settlement with Tennessee ...

BlackRock BLK1.38%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 ...

The suit alleged that BlackRock overstated the financial benefits of ESG-related strategies and didn’t adequately disclose its integration of ESG factors. Skrmetti had argued that BlackRock’s ...

The Tennessee lawsuit was the first by a GOP official against an investment firm for its ESG strategy. In November, BlackRock ... also were the focus of a report last month from the GOP-led ...

The resolution is the latest step by New York-based BlackRock and by other firms to move away from environmental, social or governance measures. An anti-ESG backlash has gathered force among ...

Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the ... laws by making “misleading” statements about its ESG investment strategy. “This resolution assures that the ...