Blackrock’s annual regulatory filing says ESG could cause a decline in its assets under management, revenue, and earnings. ESG stands for Environmental, Social, and Governance. Supporters say it sets standards for measuring ethics and environmental impact. Critics say its objective is to promote a left-wing agenda.
A big setback has hit the Environmental, Social, and Governance (ESG) movement, with major banks and investment giants leaving a global climate club. Blackrock, JPMorgan Chase, and asset manager State Street have withdrawn from Climate Action 100+. NTD spoke to Kevin Stocklin, a reporter for The Epoch Times and the producer of the documentary “The […]
The environmental, social, and corporate governance (ESG) movement has just suffered a major setback, with the withdrawal on Feb. 15 of three of Wall Street’s largest firms from one of the most prominent climate activism clubs. BlackRock, the world’s largest asset manager, JPMorgan Chase, America’s largest bank, and State Street, the world’s third-largest asset manager, […]
Moving to the real estate sector, investment giant BlackRock is reportedly looking to sell its office towers in Shanghai. To speed up the sale, the New York-based asset manager is offering a 30-percent discount as office rents in the biggest Chinese city have dropped close to a decade low—reflecting the sluggish property market in China’s […]
A lawsuit was triggered by a pro-democracy flier. A message supporting freedom in China was allegedly followed by threats dealt on a campus in Boston. We take a look at the trial involving two Chinese students at the Berklee College of Music. The Chinese regime is reportedly lobbying diplomats at the United Nations, asking them […]
For the first time, and in what may prove to be a precedent-setting case, a global asset manager is being sued for allegedly leveraging investors’ money to pursue political goals. Tennessee Attorney General Jonathan Skrmetti filed a lawsuit on Monday against BlackRock, the world’s largest fund manager with approximately $9 trillion in assets under management, […]
BlackRock Chief Executive Larry Fink has accused Republican presidential candidates of spreading “misinformation” about the trillion-dollar asset manager during the fourth Republican presidential debate in Tuscaloosa, Alabama, on Dec. 6. Mr. Fink shared a lengthy post on the employment platform LinkedIn following Wednesday’s debate, during which Florida Gov. Ron DeSantis and biotech entrepreneur Vivek Ramaswamy […]
World’s largest money manager BlackRock is shutting a China-focused offshore fund amid congressional scrutiny over its alleged role in directing U.S. dollars to blacklisted Chinese firms. In a recent letter to shareholders, BlackRock Global Funds’ chairwoman Denise Voss said they will close the China Flexible Equity Fund over a “lack of shareholder interest” and the […]
Investors are steering clear of China so much that Blackrock is pulling the plug on its China fund. The investment management giant announced the news in a Tuesday letter to shareholders saying it would shut down its China Flexible Equity Fund in November. The fund has had a six-year run, but has only totaled over […]
We take a look at how 2024 candidates plan to counter communist China. Does President Joe Biden’s push for green energy conflict with his China policy? A 10-year-old’s curiosity stumps a presidential hopeful during a campaign event. What’s this young voter asking? And is China at war with the United States? Topics in this episode: […]
Vanguard has joined Blackrock in accepting fewer ESG proposals. Samuel Gregg, Distinguished Fellow at the American Institute for Economic Research, explained three key factors as to why the “wheels are falling off the ESG bandwagon.”
Top asset manager BlackRock on Wednesday reported a further decline in its support for shareholder resolutions on environmental and social themes, citing corporate progress on the areas and poor crafting of the measures by filers. With $9.4 trillion under management, BlackRock’s votes have become key to many contests at companies around the globe and in […]
McDonald’s Corp. recently removed a number of mentions of “ESG” from its website, at a time when corporate accountability on environmental, social, and governance issues has come under close scrutiny. According to an analysis by Bloomberg published on Aug. 11, the burger chain’s “Purpose & Impact” website recently removed several “ESG” terms. One webpage has […]
Investment giants BlackRock and MSCI are facing congressional investigations for funneling Americans’ investment- and retirement-fund dollars to firms with close links to the Chinese communist regime’s military. Head of corporate governance at Strive Asset Management, Justin Danhof, offered NTD his perspective on the House Select Committee’s probes into BlackRock and MSCI.
The world’s largest asset manager and leading index provider are facing congressional probes for facilitating American dollars into Chinese companies that the United States has deemed to be fueling Chinese military growth or human rights abuses. In letters to heads of BlackRock and MSCI, Larry Fink and Henry Fernandez, the top Republican and Democrat on […]
BlackRock boss Larry Fink says he is going to stop using the term ESG, which stands for environmental, social, and corporate governance. The term and the idea of ESG have become more controversial recently, as seen with boycotts. BlackRock had lost about $4 billion in managed assets as a result of the backlash against ESG. […]
BlackRock CEO Larry Fink said he’s done using the term “ESG” as backlash mounts. NTD spoke to an investigator who shined a light on this questionable approach to investing. Kevin Stocklin, a financial reporter for The Epoch Times as well as host and producer of “The Shadow State” documentary, said he spoke to state financial […]
The eleventh day of nationwide protests in France was again marred by violence. In Paris, protesters entered the headquarters of asset manager Blackrock. Meanwhile, discussions between the government and the unions didn’t provide any resolution to the crisis. NTD spoke with a policy analyst who says the unions share some of the responsibility for the […]
The CDC announced on Dec. 28 that it would require travelers from China to test negative for COVID-19 before boarding U.S.-bound flights. BlackRock, a global asset manager, will assist in rebuilding Ukraine, according to the Ukrainian government.
More developments in the controversy surrounding asset managers and the environmental, social, and governance strategy, or ESG. Arizona is divesting $543 million from the world’s largest asset manager, BlackRock over this, and the world’s largest issuer of mutual funds, Vanguard, is pulling out of a group seeking to hit net zero greenhouse gas emissions by […]
