Fri, January 17, 2025
Thu, January 16, 2025
[ Thu, Jan 16th ]: MSN
Opening Bell: 1.15.25
Wed, January 15, 2025
Tue, January 14, 2025
Mon, January 13, 2025
[ Mon, Jan 13th ]: CNET
Rocket Money Review 2025
[ Mon, Jan 13th ]: CFO
A CFO action plan for 2025
Sun, January 12, 2025
Sat, January 11, 2025
Fri, January 10, 2025
Thu, January 9, 2025
Wed, January 8, 2025

Exclusive: Investor climate group suspends activities after BlackRock exit

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. up-suspends-activities-after-blackrock-exit.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its activities on Monday, days after BlackRock , the world's biggest investor, left amid a political backlash in the United States.

- Click to Lock Slider
The Institutional Investors Group on Climate Change (IIGCC) has suspended its activities following the withdrawal of BlackRock, the world's largest asset manager, from the group. This decision was influenced by BlackRock's need to manage its own climate strategy independently, amidst increasing political scrutiny over its environmental, social, and governance (ESG) commitments. The IIGCC, which facilitates investor collaboration on climate change, has been pivotal in pushing for net-zero emissions targets. However, the exit of BlackRock, coupled with similar moves by other major investors like Vanguard, has led to a significant reduction in the group's operational capacity. This situation reflects broader tensions within the investment community regarding the balance between ESG considerations and financial returns, especially in light of regulatory and political pressures in key markets like the U.S.

Read the Full Reuters Article at:
[ https://www.reuters.com/sustainability/sustainable-finance-reporting/investor-climate-group-suspends-activities-after-blackrock-exit-2025-01-13/ ]