Reported about 10 hours ago
Tennessee has reached a settlement with BlackRock Inc. after accusing the investment firm of misleading statements regarding its ESG investment strategy. The lawsuit claimed that BlackRock's affiliation with climate groups negatively impacted its non-ESG funds. As part of the settlement, BlackRock will enhance transparency in its shareholder voting practices and ensure that voting aligns with investors' financial interests. This lawsuit marked the first action by a GOP official against an investment firm linked to ESG practices.
Source: YAHOO