BlackRock Inc, the world's largest asset manager, said on Thursday it would continue to push companies for details on how they treat 'material' climate-related risks, despite criticism from some U.S. politicians for its stance on the energy transition.
The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo AllegriContinues attempt to walk middle line on ESG issuesLONDON/BOSTON March 23 - BlackRock Inc, the world's largest asset manager, said on Thursday it would continue to push companies for details on how they treat "material" climate-related risks, despite criticism from some U.S. politicians for its stance on the energy transition.
In a statement on the priority areas it will focus on in talks with companies at the start of the season for annual company meetings, BlackRockSpecifically, it would focus its engagements with portfolio companies on topics like on board quality and effectiveness; a company's strategy, purpose and financial resilience; executive incentives; climate-related risks and natural capital; and a company's impact on people, particularly its workers.
It said that environmental issues it would consider include "water use, land use, waste management and climate risk."
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