BlackRock

World’s largest asset manager says climate-related and social shareholder proposals are becoming too prescriptive at US firms

New local heads overseen by Ewa Jackson

Net Zero Asset Managers initiative discloses initial climate targets from signatories, including BlackRock, Vanguard and Danske Bank

World's largest asset manager argues climate resolutions filed by shareholders are increasingly too 'prescriptive' as it signals plans to support fewer such resolutions this year

But asset management giant stops short of establishing figure as official target, stressing that final investment decisions remain at discretion of its investor clients

Pension giant confirms plan to invest up to £25bn in climate-focused companies by 2025 and says there is now a 'clear expectation for high-carbon sectors resistant to change'

Aviva Investors and BMO Global Asset Management are the latest big investment firms to ramp up pressure on corporates to strengthen their climate strategies

Annual letter from boss of world's largest asset manager defends focus on climate action, but campaigners accuse BlackRock of continuing to invest heavily in fossil fuels infrastructure

Firm announces that BlackRock has become its latest investor, delivering a further boost to the charging network operators ambitious expansion plans

CEO of world's largest asset manager warns of the 'biggest capital arbitrage in our history' if private companies are not forced into the same kind of climate risk disclosure as public companies