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Tennessee, BlackRock Settle ESG Case

Tennessee, BlackRock Settle ESG Case after Asset Manager Agrees to Concessions

BlackRock has invested more than $41.7 billion in Tennessee companies and is the world’s largest asset manager.

BlackRock agrees to new ESG disclosures in Tennessee settlement

An anti-ESG backlash has gathered force among Skrmetti ... said it was pleased to resolve the dispute with Tennessee. "BlackRock has consistently acted in the best interests of our clients ...

Washington Examiner on MSN · 3d

Tennessee settles lawsuit with BlackRock

BlackRock, Inc. has settled a dispute with Tennessee over its ESG practices, which the state said misled consumers. Attorney General Jonathan Skrmetti filed a consumer protection lawsuit against the investment firm in December 2023.

New York Post · 4d

BlackRock, Tennessee settle lawsuit over firm’s ‘misleading’ ESG strategy

BlackRock and the state of Tennessee reached a settlement over a lawsuit about the firm’s handling of ESG goals. REUTERS Under the settlement, BlackRock will be subject to increased transparency ...

EconoTimes · 4d

BlackRock Settles ESG Disclosure Dispute with Tennessee Attorney General

BlackRock, the worlds largest asset manager with $11.6 trillion under management, has reached a settlement with Tennessee Attorney General Jonathan Skrmetti over its use of sustainable-investment factors.

InvestmentNews5d

BlackRock reaches settlement with Tennessee over ESG strategy

In response, Chief Executive Officer Larry Fink has said he no longer uses the ESG label because it’s become too politicized. The Tennessee lawsuit was the first by a GOP official against an ...

Pensions&Investments4d

Tennessee, BlackRock settle lawsuit over ESG case

Tennessee Attorney General Jonathan Skrmetti ... The suit alleged that BlackRock overstated the financial benefits of ESG-related strategies and didn’t adequately disclose its integration ...

The Gazette5d

Tennessee Attorney General settles ESG dispute with BlackRock

Its CEO Larry Fink said in 2023 that he had stopped using the term ESG because of how weaponized it had become. BlackRock said it was pleased to resolve the dispute with Tennessee.

Business Insider4d

Tennessee announces settlement with BlackRock over ESG practices

Tennessee Attorney General Jonathan Skrmetti announced a settlement with BlackRock (BLK), resolving allegations that the company misled consumers regarding the role of environmental, social, and ...

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