Blackrock Esg Fund. Assigned a grade of C. Fund is invested in tobacco producers below the threshold of 05.
The industry is seeing a drive toward responsibility in its stewardship of investor money. Tuesday September 7 2021 1200 pm. A former BlackRock executive has accused chief executive Larry Fink of ducking the fight over ESG following claims that the US asset manager and other fund industry behemoths are misleading investors over sustainable investing.
How we track tobacco investments.
ESG activism by shareholders took center stage during the 2021 proxy season when Engine No. A Pacific Research Institute study last year for example analyzed 18 public ESG funds with a 10-year track record and concluded that a 10000 ESG portfolio would be 439 smaller compared to an investment in a broader SP 500 index fund. On fund flows defining ESG funds BlackRock and the loss of an SRI pioneer. BlackRock aims to raise 23bn for ESG fund that targets cat bonds.