"We request SEC and DoL take decisive action to uphold fiduciary duty laws," 22 state financial officers demanded in a letter ...
By exiting the alliance, it’s a further sign that BlackRock and corporate America in general sees even more pushback not just in ESG investing, but in all aspects of corporate wokeism.
Top mutual fund manager Vanguard removed some of its guidance for U.S. companies to include women and minority directors, a ...
Simply sign up to the ESG investing myFT Digest -- delivered directly to your inbox. A US federal court has ruled that American Airlines has failed workers by picking BlackRock to manage part of ...
US FUND managers trying to sell ESG strategies just had their worst year ever. Read more at The Business Times.
“Our participation in NZAMi didn’t impact the way we managed client portfolios,” BlackRock said in the letter signed by Vice Chairman ... he no longer uses the ESG label because it’s ...
On January 10, 2025, the U.S. District Court for the Northern District of Texas found that American Airlines and its employee benefit committee ...
Trillion dollar asset manager Northern Trust has also quit Climate Action 100+, an investor-led initiative of financial ...
Never miss a story — sign up for PLANADVISER newsletters to keep up on the ... The court found that the defendants allowed corporate interests and BlackRock’s ESG agenda to influence the plan’s ...
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BlackRock may exit woke business climate group Net Zero Alliance as backlash over ESG investing widensBlackRock’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 ...
According to fresh data provided by Morningstar Inc., US sustainable funds suffered almost $20 billion of net redemptions in 2024, up from roughly $13 billion 2023. Funds had seen inflows in previous ...
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