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BlackRock updates investment guidelines to promote ESG goals (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 |
Asset management giant BlackRock updated its climate investment guidelines on July 2, allocating $150 billion to funds focused on reducing carbon emissions:
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BlackRock Inc., the world’s largest asset manager, updated its decarbonization investment guidelines on July 2, allocating $150 billion for funds screened for energy transition risks and opportunities. Though based in Europe, these guidelines could impact US funds, a company spokesperson confirmed. The new policy expects affected funds to consider shareholder proposals on Scope 3 greenhouse gas emissions and climate-related lobbying activities. This move illustrates the tightrope BlackRock walks to satisfy demands from both European clients focused on decarbonization and Republican-dominated US states with laws against ESG criteria in portfolio decisions. Some states have even banned BlackRock over its climate-risk policies. … This strategic move by BlackRock highlights its effort to balance global investment priorities, navigating complex regulatory landscapes while addressing climate risks and opportunities.[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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