www.bloomberg.com
New York City Comptroller Brad Lander is pushing three city pension funds to divest from BlackRock, citing the firm’s insufficient climate action plans. Lander criticizes BlackRock’s inconsistent voting record and perceived backtracking on climate commitments, arguing it jeopardizes the city’s long-term financial interests which are intertwined with a stable climate. This action underscores a growing trend of penalizing investment firms deemed inadequate in addressing climate change, signaling a potential shift in investment strategies driven by environmental concerns.
