Archive

Airline pension plan breached fiduciary duty with BlackRock ESG strategy, US judge rules

American Airlines breached the fiduciary duty it owed its pension plan clients under US federal law by selecting BlackRock, because it allowed the latter's "ESG interests" - rather than just its financial interests - to influence investment decisions, a judge ruled.

BlackRock to engage on ISSB and TNFD reporting - but transition plans 'not a voting issue'

BlackRock has called for disclosure in line with the International Sustainability Standards Board (ISSB) standards and the Taskforce on Nature-related Financial Disclosures (TNFD), as it published updated engagement priorities for this year.

BlackRock to convert European equity fund to transition focus

BlackRock has announced plans to rebrand and change the investment policy and objectives of its €345.9 million ($378.7 million) European Focus Fund and will rename it as the European Equity Transition Fund.

ALTÉRRA commits $350m to BlackRock emerging markets transition strategy

ALTÉRRA has announced its second big deal of New York Climate Week, after committing $350 million to BlackRock's emerging markets transition infrastructure strategy.

BlackRock: AI is 'big help' for sustainable bond impact attribution

Early testing of artificial intelligence (AI) by BlackRock sustainable bond analysts has suggested that it is a significant help in correctly determining impact attribution to the use-of-proceeds of these bonds.

BlackRock: 'US IRA has not triggered green bond issuance - yet'

The significant investment in sustainable activities stimulated by the huge US clean technology stimulus programme has not boosted green bond issuance in the country yet, but BlackRock told an Environmental Finance event that this could change soon.

Brazilian development bank to fund next wave of renewable technology

The Brazilian Development Bank (BNDES) wants to fund the next wave of renewable technology in the country, but there is a need for more blended finance, according to Luciana Costa, infrastructure, energy transition and climate change managing director at BNDES.

BlackRock using AI to create nature exposure scores

BlackRock is using artificial intelligence to help assess its exposure to growing nature-related risks and assess investment opportunities.

BlackRock offers European funds greater climate voting ambition

BlackRock has published guidelines for many of its European funds that base voting decisions on an assessment of company alignment with a 1.5°C scenario - contrasting with its global 'benchmark' policies that demand less climate information.

Google invests in BlackRock-owned solar developer