The European Commission’s ESG commitments for banks and BlackRock: It’s about more than a conflict of interest

 BlackRock Zentrale in Midtown Manhattan, New York City.  | Bild (Ausschnitt): © Americasroof [CC BY-SA 3.0] - Wikipedia

In early 2020, Larry Fink, CEO of BlackRock, the world’s largest and arguably most renowned asset management company, wrote in a letter to CEOs that “every government, company, and shareholder must confront climate change”. Not because it is morally important to do so, but because it is financially savvy. Indeed, “our [BlackRock’s] investment conviction is that sustainability- and climate-integrated portfolios can provide better risk-adjusted returns to investors”.   ... →

New FIDH report

Due to the crisis ethical investing has become a very important issue. For over 10 years, many investors take into account the so-called criteria of the ESG (Environment, Social Governance) concerning the potential effects of environmental and social investment. Not so many, however, apply the same “non” criteria during investments in the public sector. Report of the International Federation for Human Rights focuses on the basic elements that should be used in discussions on the evaluation of investments.   ... →