BlackRock signs ESG ‘milestone’ loan tied to employee equality

By Mike Turner
08 Apr 2021

BlackRock has signed a $4.4bn revolving credit agreement linked to gender and racial diversity metrics, becoming one of the most prominent companies globally to use key performance indicators focused on staff equality in its main bank line.

The investment behemoth, which has $8.7tr of assets under management, has amended a loan so that the margin and commitment fee decrease if it raises the proportion of black and Latino people among its US workforce to 30% by 2024, and the share of women in leadership positions ...

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