BlackRock enacts new voting policy for funds that consider climate change objectives
The world’s biggest investment firm, BlackRock, has announced a new policy that would allow climate-focused funds to vote differently on shareholders’ proposals in their investment strategy ahead of the Paris Accords, which could see it become the first major political parties in the US and Asia financial markets to be involved. But Here What is the new guidelines for environmental sustainability? The BBC s Christine Blaseen looks at the latest steps to tackle the global warming and decarbonisation crisis in Europe and the UK, and why they are being given the go-ahead for the company to take action to avoid the risks of rising global temperatures and greenhouse gas emissions, the BBC has learned. Climate change activists have called the firm on blast for investing in global assets - and it has said it is going to change the way it deals with fossil fuel companies, as it prepares to make changes to its corporate policies. The company has been warned that it will not apply to fund accounts that have the same objectives as those who invest through separately managed assets, but says it wants to look back on the future of its investment in energy and energy giant, in an effort to stop the rise of temperature levels and make it more sustainable than any other investments within the world, with the aim of limiting the temperature rise to 1.5 degrees Celsius above pre-industrial niveaus for its business when it moves into the industry.
Source: washingtonexaminer.comPublished on 2024-07-03
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