Blackrock shows resolve and restraint in public climate test - but MP Pension's CIO is not convinced
In the first major test of Blackrock's commitment to use its vast influence and resources to fight climate change, the asset manager showed a capacity both for combativeness and restraint. However, one Nordic pension fund CIO still remains to see whether Blackrock is truly committed to its new policy of responsible investing.
By Alastair Marsh / BLOOMBERG
The USD 6.5trn firm said in a report on Tuesday it identified 244 companies during the 2020 annual proxy season that weren’t doing enough to either prepare their businesses for a warming planet or inform their investors about the possible risks to their operations from climate change.
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