Responsible Investing

Florida threat to BlackRock ESG

Monday 5th of December 2022

The US state accuses the mega investor of putting ESG over investor interests. BlackRock has responded by saying the threat puts politics over investor interests.

The divestment, the largest by a US state opposed to ESG, would barely impact the firm which manages US$8 trillion in assets. In a statement, the Florida CFO said the state’s Treasury would remove BlackRock as the manage...

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