{"id":1653403,"date":"2022-09-22T12:51:00","date_gmt":"2022-09-22T16:51:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1653403"},"modified":"2022-09-22T12:51:42","modified_gmt":"2022-09-22T16:51:42","slug":"blackrocks-pension-funds-face-esg-criticism-from-new-york-comptroller","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/blackrocks-pension-funds-face-esg-criticism-from-new-york-comptroller\/","title":{"rendered":"BlackRock\u2019s pension funds face ESG criticism from New York Comptroller"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fblackrocks-pension-funds-face-esg-criticism-from-new-york-comptroller%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1653403&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     New York City Comptroller Brad Lander said he is reassessing business relationships with BlackRock Inc, among other asset managers, on concerns that it is straying from its \u201cclimate commitments\u201d.<\/p>\n<p>The world\u2019s largest asset manager has faced criticism from many sides in the debate on low-carbon fuels, with environmentalists protesting it does too little to press for change at fossil fuel portfolio companies on one side, and Republican U.S. politicians accusing it of boycotting energy stocks.<\/p>\n<p>\u201cThe fundamental contradiction between BlackRock\u2019s statements and actions is alarming,\u201d Lander said, in a letter dated Sept. 21 to BlackRock\u2019s Chief Executive Officer Larry Fink. <\/p>\n<p>\u201cBlackRock cannot simultaneously declare that climate risk is a systemic financial risk and argue that BlackRock has no role in mitigating the risks that climate change poses to its investments by supporting decarbonization in the real economy.\u201d<\/p>\n<p>The firm had warned the U.S. Securities and Exchange Commission (SEC) last month that its proposed rules aimed at fighting \u201cgreenwashing\u201d by fund managers will confuse investors.<\/p>\n<p>Regulators and activists have become concerned that U.S. funds looking to cash in on the popularity of ESG (environmental, social and governance) investing may be misleading shareholders over their ESG credentials. <\/p>\n<p>BlackRock manages $43 billion of the city\u2019s pension assets and is the largest asset manager for three big NYC public pensions.<\/p>\n<p>It did not immediately respond to a Reuters request for comment.<\/p>\n<p> (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Shailesh Kuber)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/blackrocks-pension-funds-face\/the-company-logo-and-trading-information-for-blackrock-is-displayed\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8L0U7-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8L0U7-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 New York City Comptroller Brad Lander said he is reassessing business relationships with BlackRock Inc, among other asset managers, on concerns that it is straying from its \u201cclimate<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1653403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1653403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1653403"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1653403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1653403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1653403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1653403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}