Republicans accused BlackRock of being too ‘woke’ on climate change. Activists say the firm isn’t woke enough [Fortune]
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Source: Fortune
BlackRock recently found itself in a uniquely uncomfortable position over its ESG practices, a position I’m struggling to not describe as being caught between a rock and a hard place. On one side, Republican legislators are denouncing the company for engaging in “woke capitalism.” Last month, shortly after Texas comptroller Glenn Hegar publicly accused BlackRock of “boycotting” energy companies, 19 Republican state attorneys-general sent a letter to the asset manager accusing it of “sacrific[ing]” their state pension funds for the sake of the manager’s “climate agenda.” BlackRock responded to the allegation last week in a 10-page letter of its own, dismissing the charge as “inaccurate” and stating that the fund’s approach to ESG investing is “entirely consistent” with its duty to maximize investor returns. But by rebuffing the Republican flank, BlackRock is unwittingly providing fuel for climate campaigners on the other side of this public-opinion pincer, who accuse BlackRock of fl
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HPQ
Earnings
- 2/28/24 - In-Line
HPQ
Sec Filings
- 4/3/24 - Form 4
- 3/26/24 - Form PX14A6G
- 3/26/24 - Form PX14A6G
- HPQ's page on the SEC website