Asset management giant promises to put environmental issues at the heart of its investment strategy, following pressure from climate protestersLatest: Extinction Rebellion says BlackRock’s not doing enoughLatest: BlackRock pledges to fight on climate issuesFink: We’ll quit (some) thermal coal producersBlackRock’s new planBlackRock threatens to vote out bosses who neglect sustainability 1.46pm GMT Here’s Thomas O’Neill, research director at data analysts InfluenceMap (who helped with our Polluters investigation recently) on BlackRock’s decision to shun thermal coal producers:“This is a positive announcement in the move to make financing of thermal coal more costly.The climate movement will be watching closely to see how BlackRock’s policy of scrutinizing other parts of the thermal coal value chain develops – critically, concerning utilities who continue to plan on new coal generation.” 1.23pm GMT Financial journalist Anne Ashworth reckons BlackRock has been bounced into action by the Greta effect:Stat of the day @blackrock (world’s largest money manager) to double the number of its sustainability-focused funds to 150. Group had been accused of not using its power to combat #ClimateChangeBlackRock boss acknowledges the impact of #ClimateChange demonstrations last year and expects “significant reallocation of capital.” Who would have thought that #GretaThunberg would have had an influence even on ISAs? Continue reading…
Via: BlackRock promises action on climate, but Extinction Rebellion demands more – business live
Categories: English News