Friday, March 17, 2017

World's biggest fund manager issues 'Darth Vader-style' threat to oust bosses who ignore climate change

The world’s biggest fund manager has threatened to vote out directors of companies that fail to address the risks posed to their businesses by climate change.

In a post on its website, BlackRock, which controls assets worth $5.1 trillion (about £4.2 trillion), said climate risk was a “systemic issue”. It said it planned to engage with the companies that are “most exposed to climate risk” over this year to help them tell investors – like BlackRock -- about the financial impacts of global warming and the shift to a low-carbon economy....
http://www.independent.co.uk/news/business/news/climate-change-blackrock-manager-threatens-directors-ignore-global-warming-a7631266.html


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