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Benzinga
Benzinga
Environment
Shanthi Rexaline

BlackRock's Eco-Friendly Stance Upsets Republicans, $1B Pulled In ESG Protest: Report

BlackRock BlackRock Inc Curtis Loftis Morningstar

BlackRock Inc. (NYSE:BLK), the world’s biggest asset manager, is reportedly facing a backlash over its environmental, social and governance, or ESG, initiatives.

What Happened: Republican-ruled U.S. states have withdrawn more than $1 billion in assets held with BlackRock due to their opposition to the asset manager’s green investing policies, according to a report in Financial Times.

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