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BlackRock reports growing ESG assets under management (2024)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
Opponents of ESG have pushed back against BlackRock in recent years in response to the company’s support for the investing practice. But although ESG investments struggled in 2023, BlackRock has reported continuing net inflows into its ESG funds:
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The world’s largest asset manager has posted net ESG inflows every quarter for the past two years, a period that marks one of the toughest ever in the two-decade history of environmental, social and governance investing. In all, BlackRock’s ESG-related assets under management swelled 53% from the beginning of 2022 through the end of last year, according to data provided by Morningstar Direct. Over the same period, the wider ESG fund market grew only about 8%. The money manager now oversees roughly $320 billion of ESG funds, more than any other investment firm in Europe, the US or globally. … 'BlackRock has been the biggest contributor of inflows into ESG funds over the past five years, including the past couple of years,' said Hortense Bioy, Morningstar’s global director of sustainability research. And that’s 'despite the ESG backlash in the US.'[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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