Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly ...
BlackRock, Inc. has settled a dispute with Tennessee over its ESG practices, which the state said misled consumers.
As the foundations of the ESG movement collapse, so are some of the institutions that sprang up around it. The United Nations created one such institution, the “ Net Zero Asset Managers Initiative ,” ...
Wealthcare Advisory Partners LLC reduced its holdings in iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU – Free Report) by 2.7% ...
Merit Financial Group LLC increased its position in shares of iShares ESG Aware MSCI EAFE ETF (NASDAQ:ESGD – Free Report) by ...
The lawsuit accused the firm of making “misleading” statements on how strongly ESG goals drove its investments.
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.