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Showing 1 - 10 of 77 results for "Blackrock"

Larry Fink letter urges pragmatism

ROSE MARY PETRASS  |  WEDNESDAY, 27 MAR 2024  |  NEWS
The BlackRock CEO's annual letter waxed poetic on the old age question, fear, and the savings strategy of stuffing money under mattresses. He also said the energy transition is not a straight line and requires "pragmatism". This means Larry Fink believes ...

ESG indices linked to Myanmar junta

ROSE MARY PETRASS  |  THURSDAY, 7 MAR 2024  |  NEWS
... companies with links to the Myanmar military junta. The indices, MSCI, FTSE Russell and S&P Dow Jones, were used by BlackRock, Deutsche Bank, Northern Trust, State Street and Vanguard to model ESG-labelled funds. Human rights organisation Inclusive Development ...

Climate group exodus unlikely to hinder climate action: IGCC

ROSE MARY PETRASS  |  THURSDAY, 7 MAR 2024  |  NEWS
... through our existing investor-led and client-centric issuer engagement approach". State Street Global Advisers, PIMCO, and BlackRock made similar moves in recent weeks. Climate Action 100+ said it was "disappointed to see them go," but that "the initiative ...

Tracking nature: finance lags on biodiversity

ROSE MARY PETRASS  |  THURSDAY, 29 FEB 2024  |  NEWS
... financiers with the highest portfolio exposure to deforestation have not set any deforestation policy. This includes BlackRock, Vanguard and T. Rowe Price. However, this is a marked change from ten years ago, when this figure stood at 89%. 85% of financiers ...

Global managers drop out, scale back on Climate Action 100+

RACHEL ALEMBAKIS  |  MONDAY, 19 FEB 2024  |  NEWS
... Morgan Asset Management and State Street Global Advisors both confirmed they were leaving Climate Action 100+. Meanwhile, BlackRock is pulling out as a corporate member and transferring its participation to its smaller international arm, according to ...

Grok Ventures appoints new CEO

RACHEL ALEMBAKIS  |  FRIDAY, 9 FEB 2024  |  NEWS
... a managing director for UBS, leading and managing their wealth management business in China and held senior roles in BlackRock Asia. She comes to Grok from SieraCo, where she was a partner. Grok has identified decarbonisation as "one of the greatest ...

ANZ sustainable fund flows buck global trend: Morningstar

RACHEL ALEMBAKIS  |  THURSDAY, 1 FEB 2024  |  NEWS
... 10.6%, Vanguard on 6.5%, Mercer Investments at 5.4%, Pendal Institutional at 4.7%, Russell Investment Management on 4%, BlackRock at 3.8%, State Street Global Advisors with 2.8% and U Ethical at 2.6%. Two new sustainable funds were launched in the fourth ...

Media a strong influence on corporate decisions

ROSE MARY PETRASS  |  MONDAY, 22 JAN 2024  |  NEWS
... reporting of ESG impacted on policy, compared to 68% of Australians. Recently, US multinational asset management firm BlackRock admitted stakeholder pressure on ESG was a risk to return and identified stakeholder and media scrutiny on ESG-related issues ...

BlackRock admits stakeholder pressure on ESG a risk

ROSE MARY PETRASS  |  THURSDAY, 18 JAN 2024  |  NEWS
For the first time in its quarterly earnings report, BlackRock identified stakeholder pressure on ESG and AI as risk factors that may influence returns. In its earnings release published on Friday, the firm warned that "increasing focus from stakeholders ...

COP28: Climate finance, carbon markets take centre stage

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... announced ALTÉRRA, a US$30 billion catalytic climate fund focused on scaling climate solutions in emerging economies. With BlackRock, TPG, and Brookfield as partners the fund includes US$5 billion in concessional funding and aims to mobilise of up to ...
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