BlackRock Withdraws From Climate Coalition, Backpedaling Again on ESG
Portfolio Pulse from
BlackRock, the world's largest asset manager, has withdrawn from a climate coalition, marking another step back from its ESG commitments. This move follows a trend among Wall Street firms distancing themselves from climate groups.
January 09, 2025 | 10:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
BlackRock has withdrawn from a climate coalition, indicating a shift away from its previous ESG commitments. This move may affect investor perception of BlackRock's commitment to sustainable investing.
BlackRock's withdrawal from a climate coalition suggests a retreat from its ESG commitments, which could negatively impact its reputation among investors focused on sustainability. This may lead to short-term stock price pressure as ESG-focused investors reassess their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100