Welcome

BlackRock Draws Scrutiny From Republicans Over ESG Objectives

July 1, 2021, 12:23 PM

Senators question whether BlackRock and State Street Global Advisors are using their control of proxy votes to pressure other companies to adhere to their own environmental and social policy views.

  • “We are concerned that BlackRock and SSGA may be prioritizing their CEOs’ personal policy views over retirees’ financial security,” Senators Pat Toomey, Ron Johnson wrote in letter to Federal Retirement Thrift Investment Board

To contact the reporter on this story:
Kasia Klimasinska in Washington at kklimasinska@bloomberg.net

To contact the editor responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

© 2021 Bloomberg L.P. All rights reserved. Used with permission.

To read the full article log in. To learn more about a subscription click here.