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BlackRock Settles With Tennessee Over ESG Strategy
Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy.
Tennessee Attorney General settles ESG dispute with BlackRock
Tennessee Attorney General Jonathan Skrmetti announced a settlement with BlackRock on Friday, resolving allegations that the asset manager misled customers regarding the role of ESG factors in its investment practices.
Tennessee AG Secures Settlement with BlackRock Over Alleged Misuse of ESG in Investment Strategies
Tennessee AG Skrmetti settles with BlackRock over ESG disclosures, ensuring transparency and fidelity to investors' interests.
Tennessee, BlackRock settle lawsuit over ESG case
The settlement ends a lawsuit that was originally filed in December 2023 by the state of Tennessee under the Tennessee Consumer Protection Act. The suit alleged that BlackRock overstated the financial benefits of ESG-related strategies and didn’t adequately disclose its integration of ESG factors.
Tennessee drops BlackRock ESG suit after asset manager agrees concessions
The state’s Republican attorney-general Jonathan Skrmetti sued BlackRock in 2023, accusing the money manager of violating consumer protection laws and taking an inconsistent approach about whether it prioritised ESG considerations over investment returns.
5h
ESG plummets among business priorities amid global upheaval
ESG has fallen both in terms of the proportion of businesses citing it as a main priority and in relation to other major ...
2h
on MSN
At aviation meeting, ESG takes backseat to jet shortages
A major annual air finance gathering largely skirted round the topic of sustainability this week - a rare departure from the ...
57m
on MSN
BlackRock Reaches Settlement With Tennessee Over ESG Strategy
Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly ...
13h
Why the ESG pushback isn’t about Trump
Large parts of the world want access to the things we take for granted, and that means large amounts of reliable and ...
1d
on MSN
Could ESG Funds be Removed from Your 401(k) Plan?
American Airlines case did not involve ESG funds or ESG products. Rather, the lawsuit took aim at the airline for using an ...
19h
on MSN
Record $20 Billion Pulled From US ESG Funds After GOP Attacks
US fund managers trying to sell ESG strategies just had their worst year ever. According to fresh data provided by Morningstar Inc., US sustainable funds suffered almost $20 billion of net redemptions ...
12h
Banks stand firm on ESG after Dutton ‘woke’ jibe
Banks and their shareholders reject the claim “wokeness” is stopping them lending to fossil fuel and forestry businesses, ...
4h
Sebi relaxes on timeline for review of ESG rating on BRSR publication
To promote ease of doing business, markets regulator Sebi on Friday provided relaxation in the timeline for review of ESG ...
7h
Top railway ESG deals in 2024
A look back at the top rail industry trends of 2024, focused on ESG deals including the development of hydrogen fleets.
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