Post by account_disabled on Mar 6, 2024 10:47:23 GMT
After the negative effects that are being experienced due to climate change, BlackRock Inc., the largest fund manager in the world, intervenes in a forceful way to pressure companies to avoid greater emissions of greenhouse gases that continue to damage to the planet. BlackRock Inc. said it has joined Climate Action 100+, the world's largest group of investors pushing companies to act on climate change. The move comes after criticism that the money manager hasn't done enough to move the needle. At the PRI's annual conference in Paris in September, some attendees expressed frustrations that BlackRock was not partnering with other investors to fight climate change. After Black Rock's statement, Mark Campanale, founder and president of Carbon Tracker, expressed that discomfort on the part of some large oil companies cannot be ruled out. However, Fiona Reynolds, member of the Climate Action 100+ Steering Committee and executive director of the Principles for Responsible Investment, said: "BlackRock is responding to the demands of its clients, asset owners, and other groups globally who "They seek meaningful measures to address climate change.
Responsible vision of the corporate world Climate Action 100+, an initiative that has more than 370 investors, seeks to ensure that the largest emitters of greenhouse gases take the necessary measures on climate change and BlackRock seeks to reinforce its place, in order to become the largest sustainable bully , rich and powerful that the corporate world has ever seen. In such a way that shareholders have the opportunity to withdraw their funds from those companies that are not preparing for the future; Mindy Lubber, a member of the Climate Cell Phone Number List Action 100+ steering committee, believes BlackRock's decision sends a powerful signal to companies to reduce emissions, improve corporate governance and strengthen their disclosure as it sees climate change as a growing financial risk. , both for companies and for the global economy. Notwithstanding the above, this initiative is considered among non-profit groups and protesters as insufficient action regarding the environmental crisis in which the world finds itself. Despite its current efforts, BlackRock has been criticized for its assets invested in fossil fuels and how it interacts with polluters.
Ceres a nonprofit that organizes climate change investors, ranked BlackRock 43 out of 48 among asset managers when it comes to supporting climate-related shareholder resolutions at companies. Real risks BlackRock said “we believe that evidence of the impact of climate risk on investment portfolios is rapidly accumulating and we are accelerating our engagement with companies on this critical issue.” Climate change has become an unavoidable topic for major world institutions, including the UN, not to mention highly respected organizations such as Greenpeace, Wrold Wildfile Fund (WWF) and The Nature Conservancy, just to mention a few, whose concern for our planet surpasses borders.
Responsible vision of the corporate world Climate Action 100+, an initiative that has more than 370 investors, seeks to ensure that the largest emitters of greenhouse gases take the necessary measures on climate change and BlackRock seeks to reinforce its place, in order to become the largest sustainable bully , rich and powerful that the corporate world has ever seen. In such a way that shareholders have the opportunity to withdraw their funds from those companies that are not preparing for the future; Mindy Lubber, a member of the Climate Cell Phone Number List Action 100+ steering committee, believes BlackRock's decision sends a powerful signal to companies to reduce emissions, improve corporate governance and strengthen their disclosure as it sees climate change as a growing financial risk. , both for companies and for the global economy. Notwithstanding the above, this initiative is considered among non-profit groups and protesters as insufficient action regarding the environmental crisis in which the world finds itself. Despite its current efforts, BlackRock has been criticized for its assets invested in fossil fuels and how it interacts with polluters.
Ceres a nonprofit that organizes climate change investors, ranked BlackRock 43 out of 48 among asset managers when it comes to supporting climate-related shareholder resolutions at companies. Real risks BlackRock said “we believe that evidence of the impact of climate risk on investment portfolios is rapidly accumulating and we are accelerating our engagement with companies on this critical issue.” Climate change has become an unavoidable topic for major world institutions, including the UN, not to mention highly respected organizations such as Greenpeace, Wrold Wildfile Fund (WWF) and The Nature Conservancy, just to mention a few, whose concern for our planet surpasses borders.