BlackRock and Amundi: climate actions to speak louder than words

BlackRock Amundi montage pics from PA 25 Feb21 575x375
By Jon Hay
25 Feb 2021

BlackRock and Amundi, the largest asset managers in the US and Europe, have both published policies on how they intend to engage with companies about climate change. After widespread criticism, BlackRock has moved a long way towards a more proactive stance, but it is not clear yet that either firm is prepared to get really tough with high carbon emitters — especially in their passive portfolios.

Responsible investment supporters will be watching carefully to see how they implement their policies, including during the coming season of shareholder meetings.

They will be keeping a particularly watchful eye on BlackRock. In January, Reclaim Finance and Urgewald, two pressure groups that analyse the financial sector’s response to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial