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Bad news for ESG! The "flag bearer" Blackrock has also withdrawn.
Trump's return reignites the "anti-ESG" wave as Blackrock announces its withdrawal from the "Net Zero Financial Alliance." As the largest Asset Management firm in the world, Blackrock was once the number one advocate for ESG, with asset management scale related to this theme reaching as high as 1 trillion dollars.
Earnings Preview: Blackrock to Report Financial Results Pre-market on January 15
Even Companies That Aren't Struggling Keep Laying Off Workers -- Barrons.com
BlackRock Withdraws From Climate Coalition, Backpedaling Again on ESG -- WSJ
BlackRock Reportedly Leaving Net-Zero Trade Group
Express News | BlackRock Move Comes as US Republican Politicians Raise Antitrust Concerns About Industry Climate Efforts
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