In the letter, the scientists urge Hildebrand to help align BlackRock’s business with a 1.5°C pathway. “As scientists and academics, we are writing this letter to tell you directly that the facts are clear: new coal, oil, and gas development is incompatible with limiting warming to 1.5°C,” the letter reads. BlackRock recently argued that investments in increased fossil […]
New York, April 14th, 2022 – Today, BlackRock announced that by 2030, at least 75% of its corporate and sovereign assets managed on behalf of clients will be invested in issuers with science-based targets or equivalent. Coming from the world’s largest institutional investor, this commitment could potentially have significant influence on lowering global emissions. The […]
With a whopping $109 billion worth of bonds and shares in global coal companies, BlackRock tops the list, followed by Vanguard, with a sizable $101 billion. Unfortunately, this doesn’t come as much of a surprise. The two asset managers’ investments in the coal industry are part of the reason why the BlackRock and Vanguard’s Big […]