Reports Archive - Page 2 of 3 - BlackRock's Big Problem
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Reports

How the financial industry funds destruction

Research and reports detailing how BlackRock and Big Finance are fuelling a global crisis – and how they can lead change.

Fueling the Fire

This report finds the fossil fuel industry not only has been a primary driver of climate change but also has harmed the health of Black, Indigenous, and people of color (BIPOC) communities for decades and has made these populations highly vulnerable to severe illness and death from COVID-19.

2018 Asset Manager Climate Scorecard

A new report analyzing the world’s thirteen largest asset managers’ U.S. proxy voting in carbon-intensive industries reveals that they’re exerting limited and uneven influence over management, despite calls from shareholders to de-carbonize corporate business models.

BlackRock’s Sustainable ETFs: Green business or Greenwash

Wall Street’s biggest climate destroyer offers sustainable investments – but what are they really selling?

Climate Funds And Fossil Fuels (EU)

Think tank Influencemap analysed data from 118 funds marketed with “an explicit climate theme”, with a collective $18bn (£14.4bn) in assets, and found that some had exposure to fossil fuels “with intensities comparable to mainstream funds”.

Sustainable Finance Policy Engagement

This research has mapped out intensive lobbying on European sustainable finance policy, led by industry groups representing the finance and corporate (real economy) sectors. Whilst a small number of financial institutions have pushed for ambitious policy, the majority have remained silent or stated only high-level support.

Voting Matters

Climate change is one of the highest priorities facing investors. In this report, we’ve examined how 57 of the world’s largest asset managers voted on 65 shareholder resolutions linked to climate change. While there is encouraging improvement when it comes to voting for climate change resolutions, many still shy away from holding companies account. Investors voting power is the most powerful tool they have, it is vital that all investors use it.

Point Of No Returns

ShareAction examined 75 of the most influential asset managers worldwide on responsible investment governance, climate change, biodiversity and human rights.

Climate in the Boardroom

This report shows BlackRock and Vanguard voted against critical shareholder resolutions, torpedoing efforts to fight the climate crisis.

BlackRock’s Big Deforestation Problem

This paper examines the role of BlackRock, the world’s largest fund manager with $6.5 trillion USD of assets under management, in financing the global crisis of deforestation and land conflict.

Forests and Human Rights: Principles for Asset Managers

The best way to protect the world’s tropical forests is to recognize and respect the legal and customary rights and self-determination of Indigenous and tribal peoples and local communities who live in and care for forests.

Complicity in Destruction

This new edition of Complicity in Destruction III, published by the Association of Brazil’s Indigenous Peoples (APIB) in partnership with Amazon Watch, reveals how a network of leading international financial institutions is linked to conflicts on Indigenous lands, illegal deforestation, land grabbing, the weakening of environmental protections, and the production and export of conflict commodities.

Doubling Down on Deforestation

This report examines the ways in which the Big Three have “doubled down on deforestation”. Finally, this report offers recommendations for urgent actions the Big Three can and must take to uphold their responsibility, not only to their beneficiaries, but to our planetary surviva

The Passives Problem and Paris Goals: How Index Investing Trends Threaten Climate Action

This paper aims to bring the contours of the passive investing problem into focus. We have used the best available research to summarize big trends, crystallize strategic questions,and point to possible solutions.

Passive in Name Only: Delegated Management and “Index” Investing

"This Article provides the first detailed empirical analysis of the landscape of U.S. stock market indices. First, I hand collect detailed information about the universe of indices used as benchmarks for U.S. mutual funds."

Banks and Investors financing the expansion of the global coal plant fleet

New research reveals the banks and investors financing the expansion of the global coal plant fleet: while the latest IPCC and UN Emissions Gap reports both issue stark warnings on the need for an accelerated phase-out of coal power, the global coal plant fleet is still expanding.

Who owns the world’s fossil fuels (Influence Map)

A forensic look at the operators and shareholders of listed fossil fuel companies.

Investing in Amazon Crude

This report outlines in detail the ways that five of the world's most powerful financial institutions are actively contributing to climate change by providing debt and equity financing for crude oil extraction projects in the Amazon. It highlights key examples of on-the-ground Indigenous resistance to oil extraction, while making clear that this extraction in the Amazon is not only terrible for the climate but also a major financial risk for these institutions, given the precedent of legal resistance and forceful intervention from Indigenous communities.

Banking on Climate Change

The latest version of the most comprehensive report on global banks’ fossil fuel financing, Banking on Climate Change 2020, was released on March 18th, 2020. The report reveals that 35 global banks have not only been sustaining but expanding the fossil fuel sector with more than $2.7 trillion in the four years since the Paris Climate Agreement.

Five Years Lost: How The Finance Industry Is Blowing The Paris Carbon Budget, Reclaim Finance

Two days ahead of the 5th Paris Agreement anniversary, 18 NGOs are releasing a joint report showcasing 12 of the most devastating fossil fuel projects that are currently planned or under development. These expansion projects alone would use up three-quarters of the total remaining carbon budget if we are to have a 66% probability of limiting global warming to 1.5° Celsius.