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BlackRock Admits ESG Investments Pose Business Risk as Republican AGs Ramp Up Scrutiny

Posted on AllSides March 4th, 2024
From The Right
Carlo Allegri/Reuters

BlackRock identified its Environmental, Social and Governance (ESG) investment strategy as a risk facing the company, due in part to the increasing political scrutiny surrounding the practice, in a year-end 2023 filing with the Securities and Exchange Commission.

“If BlackRock is not able to successfully manage ESG-related expectations across varied stakeholder interests, it may adversely affect BlackRock’s reputation, ability to attract and retain clients, employees, shareholders and business partners or result in litigation, legal or governmental action, which may cause its AUM, revenue and earnings to decline,” BlackRock wrote in...

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