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0 3.12268879940689E-05 0 0 0 -1.3148163366016E-05 0 1.97222450488488E-05
Stock impact report

UPDATE 5-BlackRock vows tougher stance on climate after activist heat [Reuters (UK)]

Vanguard Short-Term Treasury ETF (VGSH) 
Company Research Source: Reuters
BlackRock vows tougher stance on climate after activist heat - Reuters 5 Min Read LONDON/BOSTON (Reuters) - BlackRock ( BLK.N ) Chief Executive Larry Fink warned company boards to step up efforts to tackle climate change, a significant shift by the world’s biggest investment manager, which has faced mounting concerns about its role as a major fossil fuel investor. In his annual letter to CEOs posted on the company’s website on Tuesday, Fink forecast a “fundamental reshaping of finance” and said companies must act or face anger from investors over how unsustainable business practices might curb their future wealth. Fink also said BlackRock would “be increasingly disposed” to cast critical proxy votes tied to sustainability, and said in a separate letter to clients that the New York-based firm will by mid-2020 sell off from its actively managed client portfolios stakes in companies that derive more than 25% of their revenues from thermal coal production. Climate activists hailed Fink’ Show less Read more
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