Reported 1 day ago
BlackRock Inc. has announced its departure from the Net Zero Asset Managers initiative, citing confusion about its practices and legal scrutiny from Republican politicians regarding its climate policies. As the firm faces increasing pressure linked to conservative criticism of 'woke' agendas, it joins other financial institutions in distancing themselves from climate finance initiatives to mitigate reputational and legal risks, especially with the forthcoming Trump administration. Despite this exit, BlackRock insists it will continue to assess climate-related risks in investment strategies.
Source: YAHOO