ESG & Investing
BlackRock’s ESG Troubles Mount as Missouri Pulls $500 Million
Blackrock headquarters in New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Missouri withdrew $500 million of pension assets from BlackRock Inc., criticizing the firm for prioritizing ESG concerns over shareholder returns.
“We should not allow asset managers such as BlackRock, who have demonstrated that they will prioritize advancing a woke political agenda above the financial interests of their customers, to continue speaking on behalf of the state of Missouri,” state Treasurer Scott Fitzpatrick said Tuesday in a statement.