BlackRock flexes US$7 trillion financial muscle to vote against boards that do not disclose climate risks in move towards ‘new standard for investing’ | South China Morning Post
Cranes unload coal from a cargo ship at a port in Lianyungang, Jiangsu province, China. Thermal coal producers will come under more scrutiny from BlackRock. Photo: Reuters
- Sustainability to be ‘new standard for investing’ at world’s biggest asset manager with nearly US$7 trillion of assets under management, CEO Fink says
- BlackRock will stop investing in companies that generate more than 25 per cent of revenue from thermal coals from mid-2020
Topic | Investing
Chad Bray
Published: 5:05pm, 14 Jan, 2020
Updated: 10:29pm, 14 Jan, 2020
Cranes unload coal from a cargo ship at a port in Lianyungang, Jiangsu province, China. Thermal coal producers will come under more scrutiny from BlackRock. Photo: Reuters
Chad is a senior business reporter focused on finance. He has previously written for The New York Times, The Wall Street Journal and Dow Jones Newswires.