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

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

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

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 ,” ...

Legislation in the Wyoming House of Representatives would combat environmental, social and governance (ESG) scoring systems ...

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

The world’s biggest money manager is trying to avoid some political headaches as Donald Trump and the GOP take over all of ...

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 ...

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 ...

BlackRock Inc. (BLK ... behavior" by the financial industry to "impose radical ESG-goals" on US companies. The report also criticized financial environmental alliances, saying they have created ...