Fund companies, in no-win situation, test shareholder proxy voting
BlackRock, Schwab, Vanguard and State Street could be inviting a political backlash with proxy voting campaigns aimed at avoiding a political backlash
BlackRock, Schwab, Vanguard and State Street could be inviting a political backlash with proxy voting campaigns aimed at avoiding a political backlash
The firm would be one of several companies providing sustainable target-date funds in the US
Leaving in April
Paul Bodnar, who had advised former President Obama on climate, joined BlackRock in 2021
Republicans have criticized the big asset managers over their proxy-voting practices
Morningstar reports ‘radical changes’ to sustainable fund landscape in fourth quarter
Target-date funds that are sustainable or responsible are fair game, but there aren’t many of them
The state is the latest to restrict asset managers over perceived fossil fuel boycotts
It’s down to investors to research what they consider to be greenwashing
A bigger problem than Republican attacks is the legal risk of ignoring climate change, lawyers say
It is among the latest developments in an anti-ESG movement
The asset manager wasn’t aware of the decision until reading about it in a statement