BlackRock must take bold action to lower global emissions. (2024)

FAQs

What is the BlackRock controversy? ›

Mississippi hits BlackRock with cease and desist order over ESG investments. The secretary of state accused the world's largest asset manager with securities fraud and said it could face a multimillion-dollar administrative penalty.

BlackRock currently has an average brokerage recommendation (ABR) of 1.34, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 16 brokerage firms. An ABR of 1.34 approximates between Strong Buy and Buy.

BlackRock said it will look for companies to disclose their transition strategy to show their alignment with a 2050 net-zero pathway; climate-related reporting consistent with the International Sustainability Standards Board's inaugural frameworks; and scope 1, 2 and 3 greenhouse gas emissions.

We have zero tolerance in relation to illegal or unethical conduct and this is articulated in our relevant policies, including policies on conflicts of interest, gifts and entertainment, money laundering and counter terrorism, fraud, sanctions, outside activities, political contributions, and bribery and corruption.

Texas's public schools are pulling out billions of dollars that had been invested with asset manager BlackRock — a firm the state accused of boycotting fossil fuels.

Laurence D.

Fink is founder, Chairman and Chief Executive Officer of BlackRock.

Now, it is the world's largest asset manager with $10 trillion currently in its portfolio. According to Marketwatch, there is currently around $40 trillion in circulation around the world — which means BlackRock manages a quarter of the world's money.

Amazon's largest shareholders are institutional investors

So, Vanguard is the largest Amazon shareholder, with 7.4% of Amazon shares held by Vanguard funds and their investors. BlackRock (NYSE: BLK) -- also a major index fund operator -- is the No. 2 non-Bezos shareholder, with 6.1% of the company's stock.

BlackRock is the world's largest asset manager, with US$8.59 trillion in assets under management as of December 31, 2022. This means that BlackRock owns or manages a significant share of many companies, including some of the biggest and most influential ones in various sectors and industries.

We manage the environmental impact of our own operations

The firm will continue to focus on finding ways to leverage low-carbon solutions, such as renewable electricity to power its operations and using sustainable aviation fuel, where possible.

Does BlackRock invest in fossil fuels? ›

Globally, on behalf of our clients, we've invested over $320 billion in public energy companies², including investments in both traditional energy sectors like oil and gas and in renewables – we also invest in projects like pipelines, power generation facilities, and new technologies and innovations that will help ...

BlackRock CEO Larry Fink's efforts to embrace “woke” environmental, social and governance policies, commonly known as ESG, could “materially adversely” slam the investment titan's core business, the investment giant admitted in a regulatory filing.

The 10 largest shareholder of PepsiCo as of December 2023 were: The Vanguard Group (9.35%) BlackRock (7.96%) State Street Corporation (4.20%)

Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 9.8% of shares outstanding. With 7.5% and 5.7% of the shares outstanding respectively, BlackRock, Inc. and State Street Global Advisors, Inc. are the second and third largest shareholders.

BlackRock Income Trust, Inc.'s (BKT) (the 'Trust') investment objective is to manage a portfolio of high-quality securities to achieve both preservation of capital and high monthly income. The Trust seeks to achieve its investment objective by investing at least 65% of its assets in mortgage-backed securities.

The company has made little progress on deforestation and human rights. Fink has the power to be a true visionary, but BlackRock must take responsibility for the impact of its investments, and act now to dramatically reduce negative climate impacts.

The weapon companies that BlackRock promotes have been accused of groundwater contamination, misconduct, labor violations, and overinflated pricing, resulting in overbilling defense contracts issued by the federal government. Investments in weapons companies are a risk to the climate.

What companies are owned by BlackRock? BlackRock has acquired several companies over the years, including Barclays Global Investor, which includes the popular ETF platform iShares. The investment manager also owns eFront, Kreos Capital, Aperio, and Merril Lynch Investment Management.