The Latest Breaking News from BlackRock

BlackRock's CEO and chairman, Larry Fink, believes a lack of hope could cause a recession.

Soaring US bond yields are pressuring equities as markets digest the probability that interest rates will stay higher for longer.

New York-based Aligned Climate Capital is planning to donate 3% of the carried interest from its upcoming venture fund to climate organizations.

An Oklahoma law passed in 2022 required the state treasurer to maintain a list of businesses ineligible to do business with the state due to ESG investing policies. But the Oklahoma Public Employees Retirement System’s board voted on Aug. 23 to retain its current roster of financial advisers, including businesses…

Protests were a preview of planned marches in the city ahead of United Nations’ climate ambition summit on 20 September

Speaking at Fortune's Impact Initiative, GE's Roger Martella said, “We cover the topics that are part of ESG, but we don't really use those silos internally."

Welcome to the Wednesday, September 13, Brew. 

Major financial firms have adopted ESG to keep up with the times–but they also saw this as an opportunity to make lots of money.

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Franklin Templeton joins a flurry of ETF applications from financial heavyweights after BlackRock entered the fray in June.

Fox Business reported on August 29 that Vanguard—the second largest asset manager in the world and the largest manager of passive funds—reduced its support for pro-ESG proxy proposals during the past shareholder season. The report followed news that BlackRock, the world’s largest asset manager (measured by assets under management) also…