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”.   ... →

Coal from Columbia: Pollution and paramilitary violence

The role of Colombia as a worldwide exporter of coal has grown significantly over the past 15 years. After Russia and the United States, Colombia is the third most important coal supplier and is also of immense importance to Germany. The growing coal consumption and shrinking production in Germany over the last decade has led to the fact that coal imports have doubled from Colombia (more than eight million tons).   ... →

Press Release: Cultural shift light – German Bank is sustainable on the spot

  Bild (Ausschnitt): © Katrin Krämer

Berlin / Frankfurt, 21. May 2014  The Association of Critical Shareholders, Facing Finance, Urgewald, Oxfam Germany, Friends of the Earth Europe, Pax Christi, Rettet den Regenwald, Robin Wood present Black Planet Award at Deutsche Banks’ Annual General Meeting.

A broad coalition of environmental and human rights organisations are calling on the Deutsche Bank to finally start the much-needed cultural change towards a sustainable operating bank.   ... →