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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