BlackRock Settles ESG Disclosure Dispute with Tennessee Attorney General
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 factors.
BlackRock Reaches Settlement With Tennessee Over ESG Strategy
Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy.
BlackRock, Tennessee settle lawsuit over firm’s ‘misleading’ ESG strategy
The lawsuit accused the firm of making “misleading” statements on how strongly ESG goals drove its investments.
BlackRock agrees to new ESG disclosures in Tennessee settlement
Asset manager BlackRock agreed to new disclosure requirements about its use of sustainable-investment factors as part of a legal settlement with Tennessee Attorney General Jonathan Skrmetti, his office said on Friday.
Tennessee settles lawsuit with BlackRock
BlackRock, Inc. has settled a dispute with Tennessee over its ESG practices, which the state said misled consumers. Attorney General Jonathan Skrmetti filed a consumer protection lawsuit against the investment firm in December 2023.
Tennessee, BlackRock Settle ESG Case after Asset Manager Agrees to Concessions
BlackRock has invested more than $41.7 billion in Tennessee companies and is the world’s largest asset manager.
Forbes1y
A Deeper Look At Florida’s Anti-ESG Legislation: State Funds
announced that Florida was divesting $2 billion in investments from BlackRock BLK. BlackRock’s CEO Larry Fink had become a major advocate of ESG, and also a target of the anti-ESG movement.
BlackRock may exit woke business climate group Net Zero Alliance as backlash over ESG investing widens
BlackRock — which for years has courted controversy with its focus on so-called ESG, or Environmental Social Governance ...
Benefits Pro12d
BlackRock quits Net Zero climate group, after ongoing pushback against ESG investing
The world’s largest asset manager, with more than $10 trillion in assets under management, has dropped out of the Net Zero ...
Forbes10mon
ESG By Any Other Name Would Smell Just As Bad
Mr. Fink is CEO of BlackRock ... led by Florida’s Republican Governor Ron DeSantis, signed an open letter declaring their opposition to the use of ESG criteria in government investing and ...
Florida Politics8d
American Airlines court ruling raises concerns over broader unintended consequences
This follows an industry trend — mainly led by BlackRock and other large financial companies — of stepping back from ESG ...
Business Insider1y
BlackRock's Larry Fink championed ESG investing. Now it's complicating his succession plans.
Fink has been the face of BlackRock for 35 years. The criticism he has faced over ESG investing hangs over his legacy as the firm plans for his succession. Larry Fink is entering the twilight of a ...
Federal judge rules against American Airlines in 401(k) ESG lawsuit
A judge ruled the airline violated its fiduciary duty to loyalty through its retirement plan management, though experts say ...