Institutional Investor (March 10)
“A politicized debate over the use of environmental, social, and governance principles in investing has led more than a dozen states to propose legislation that forces institutional investors to boycott certain companies, or bars the use of ESG factors entirely.” While BlackRock “has drawn the most attention from ESG critics.” Still, the massive asset manager has remained “an outspoken supporter of sustainability” and changed very little in its 2023 investment stewardship plan. BlackRock simply “doesn’t seem fazed, even as legislation and divestments could cause allocators to pull billions of dollars from the firm.”
Tags: 2023, Asset manager, Bars, BlackRock, Boycott, Critics, Debate, Divestments, ESG, Institutional investors, Investing, Investment, Legislation, Outspoken, Politicized, Stewardship, Supporter, Sustainability
