BlackRock, the world’s largest asset manager with about $8 trillion under management, is aggressively pushing ESG initiatives with clients. The move is drawing ire from one of the firm’s smaller investors, Bluebell, who is calling it “hypocrisy” and asking Fink to resign.
CEO Larry Fink is under fire for the company’s aggressive Environmental, Social and Governance messaging and is being asked to step down by one of its smallest shareholders and activist investor Bluebell Capital.to the BlackRock CEO outlining the asset manager’s contradictions and inconsistencies on ESG investing and the politicization of the ESG debate.
In an annual letter to CEO’s published earlier in the year, Fink said "Stakeholder capitalism is not about politics." Bluebell, which holds roughly 0.01% of BlackRock, also highlighted the company’s failure to fulfill commitments, and failure to support environmental and corporate social responsibility as key drivers in violating the fiduciary responsibility of its shareholders.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Activist investor calls for BlackRock CEO Fink to step down over ESG ‘hypocrisy’BlackRock CEO Larry Fink is facing calls to step down from activist investor Bluebell Capital over the company's alleged 'hypocrisy' in its ESG messaging.
Baca lebih lajut »
IndyPL picks Gabriel Morley as new CEO over current interim CEO Nichelle HayesThe Indianapolis Public Library announced that its board of trustees has chosen Gabriel Morley, a library director from New Orleans, as its new CEO.
Baca lebih lajut »
Texas subpoenas BlackRock for documents related to ESG pushA top Texas state Senate committee issued a subpoena last month demanding asset manager BlackRock hand over key documents related to its decision-making on environmental investments.
Baca lebih lajut »
GOP reps warn ESG efforts could violate antitrust laws, demand answers from key playersGOP members of the House Judiciary Committee are warning that efforts to get coporations on the same page to advance ESG goals may violate federal antitrust laws.
Baca lebih lajut »
Texas legislature subpoenas BlackRock over financial firm’s ESG investingThe Texas legislature subpoenaed BlackRock on Wednesday over its ESG investment practices, accusing the Wall Street firm of refusing to turn over previously requested documents about how the company’s environmental, social and governance policies affect its handling of the state’s public pensions.
Baca lebih lajut »
Texas Subpoenas BlackRock for Documents Linked to ESG EffortThe Texas legislature subpoenaed BlackRock and any of its subsidiaries and affiliate entities last month for any documents related to the asset manager’s effort to push Environmental, Social, and Governance (ESG) policies.
Baca lebih lajut »