BlackRock Gives Choice To Clients Investing In A Low-Carbon Transition

Blackrock News

BlackRock Gives Choice To Clients Investing In A Low-Carbon Transition
DecarbonizationNet-ZeroClimate Change
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Robert G. Eccles of Saïd Business School, University of Oxford is the author of a number of books on integrated reporting, sustainability and the role of business in society. His focus is on sustainability from both a company and investor perspective.

The ESG Culture Wars rage on. On the investment front no asset manager has taken more incoming fire than BlackRock, the world’s largest asset management with an estimatedin assets under management as of June 30, 2024. It is taking fire from the right, such as red state legislation accusing BlackRock of boycotting fossil fuel companies.

· Prioritize sectors and companies that are critical to the transition to a low-carbon economy consistent with limiting global temperature rise to 1.5°C above pre-industrial levels · Focus on useful, contextualized disclosures that help inform investors’ views, while recognizing data limitationsBased on these principles are a set of voting guidelines regarding corporate disclosures , boards and directors , management proposals to approve a climate strategy or progress report, shareholder proposals on climate and low-carbon transition plans, and related matters .

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