Fink once seemed hooked on ESG because he really does believe corporations can enact positive change in society. It also brought in lots of business to BlackRock, and ESG funds carry higher fees.

Democratic state officials from New York to California sent letters to asset managers overseeing trillions of dollars in ...

BlackRock’s Larry Fink stops using term ‘ESG,’ says it’s become ‘weaponized’ By Reuters Published June 26, 2023, 1:55 p.m. ET ...

BlackRock l aunched another effort to push back against those that contend the firm is “boycotting” the energy industry after some red states have penalized the firm for its ESG push.

But management remains subject to BlackRock’s behind-the-scenes ESG pressure diminishing the value of that option. In his 2020 letter to CEOs, Fink called this pressure “engagement.” ...

Fink has been the face of BlackRock for 35 years. The criticism he has faced over ESG investing hangs over his legacy as the firm plans for his succession. BlackRock; Joel Saget/AFP via Getty ...

BlackRock's ongoing push for environmental, social, and governance (ESG) standards for companies appears to have put the firm between a rock and a hard place.

BlackRock saw $5.6 billion in new money flow into passive ESG strategies, more than making up for the roughly $900 million that flowed out of active strategies, net, Morningstar said.

T he world’s largest asset manager, BlackRock Inc., has lodged itself securely between a blue-state rock and a red-state hard place because of its environmental, social, and governance (“ESG ...

While BlackRock has faced widespread opposition over its so-called environmental, social and governance (ESG) strategy, Tennessee's action on Monday is the first legal challenge to accuse ...

Reports this week are that BlackRock will be laying off 600 employees in its ESG and sustainability departments as part of its at-least-nominal retrenchment away from kneejerk support for an agenda th ...

But management remains subject to BlackRock’s behind-the-scenes ESG pressure diminishing the value of that option. In his 2020 letter to CEOs, Fink called this pressure “engagement.” ...