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Proxy season action on climate change will be hard to avoid Eli Kasargod-Staub thinks investors are starting to take climate change risk seriously. It will be hard for corporate directors to not take climate change personally this proxy season, as institutional investors and regulators ramp up pressure for them to take meaningful action — or get out of the way. Investors are armed with a new metric for measuring a company's progress on climate change and a more collaborative approach for holding corporate directors and senior management directly responsible through proxy voting. And they ar...

Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Larry Fink, CEO of BlackRock. Jonathan Wong/South China Morning Post via Getty Images More than 20 state treasurers and trustees of public pension funds have demanded BlackRock disclose its political activity. During the election cycle, the asset manager paid $85,000 to 15 Republicans who later denied the results, per a Bloomberg report.  The signatories, in a letter to CEO Larry Fink, said BlackRock had failed "to dem...

Pension funds demand BlackRock disclose its political activity in the wake of US Capitol riot By Tory Newmyer Washington Post,Updated January 27, 2021, 7:40 p.m. Email to a Friend BlackRock CEO Larry Fink said he is considering whether to shutter BlackRock's political action committee, which had contributed $85,000 to 15 Republicans who sought to overturn the election results.Bloomberg/Photographer: Bloomberg/Bloomber Public pension funds overseeing more than $1 trillion are piling pressure on BlackRock, the world’s largest asset manager, to ramp up disclosure of its political activities...

» 24 pension fund officials demand BlackRock disclose its political activity and cut off any lawmakers that opposed Biden's certification as president 24 pension fund officials demand BlackRock disclose its political activity and cut off any lawmakers that opposed Biden's certification as president Kate DuffyJan 28, 2021, 20:17 IST Larry Fink, CEO of BlackRock.Jonathan Wong/South China Morning Post via Getty Images More than 20 state treasurers and trustees of public pension funds have demanded BlackRock disclose its political activity. During the election cycle, the asset manager paid $85...

BlackRock’s Big Problem Responds to Larry Fink’s 2021 Letters BlackRock’s Big Problem Responds to Larry Fink’s 2021 Letters January 26, 2021 BlackRock continues steps in the right direction, but falls short of the visionary leadership needed WASHINGTON- Today, BlackRock released CEO Larry Fink’s annual letter to CEOs as well as a letter to its clients. The letters spelled out the next steps the world’s largest asset manager will be taking to address the climate crisis. With close to $9 trillion in assets under managem...