BlackRock, the world’s largest money manager, will exit investments in companies that generate more than 25% of their revenues from thermal coal production
Investment giant BlackRock Inc. announced a series of moves Tuesday to address risks related to climate change, following criticism from investors and advocacy groups for investing in fossil fuels and allegedly being slow to act on green issues.
The world’s largest money manager, with around $7 trillion in assets under management, will expand its range of sustainable investment products and disclose more details of its climate-change conversations with the companies in which it invests.
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