Credit: Mameraman/Shutterstock.com
Companies that are not yet actively disclosing their environmental, social, and governance (ESG) policies will soon find that such reporting isn't just a good idea, it's a mandate. Considering the recent announcement from BlackRock, the world's largest fund manager, the timeline for publishing this information just became much shorter.
|Leading by example
BlackRock has more than $7 trillion in assets under management and is estimated to be a top 3 holder in more than half of all US publicly held companies. Companies don't tend to make contact with BlackRock portfolio managers or compliance officers due to the passive nature of the firm's funds. (More than one-third of BlackRock's assets are in the form of ETF's, making them the largest global provider of these index-tracking mutual funds that can be traded like stocks.)
Despite the lack of contact, management teams are often unnerved at the potential sway BlackRock could have if the firm turned negative on their company.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
