Tennessee Attorney General Jonathan Skrmetti has launched a lawsuit against BlackRock, accusing the investment giant of misrepresenting its use of environmental, social, and governance (ESG) considerations in investment strategies. The lawsuit alleges that BlackRock deceived consumers about its commitment to fulfilling ESG aims, particularly in relation to corporate engagement and proxy voting for climate-related goals. The complaint states that BlackRock made conflicting statements, claiming to focus solely on financial returns while participating in initiatives like the Net Zero Asset Managers Initiative and Climate Action 100+. BlackRock has stated that it will vigorously contest the accusations, emphasizing its commitment to accurate disclosure of its investment practices and approach to proxy voting. The lawsuit reflects the broader political debate and criticism BlackRock has faced over its ESG positions in the U.S.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}