ESG news was dominated by yet another activist investor rebellion against BlackRock. London-based Bluebell has been agitating for change since 2022 believing the fund’s high-profile commitment to ESG exposes it to reputational risk. Bluebell launched a fresh battle to force BlackRock to overhaul its ESG commitments. The Times covers the story.
In the US, anti-ESG sentiment grows after a Texas school fund terminated its contract with BlackRock, accusing the asset manager of ‘boycotting’ fossil fuel producers. Reuters covers the story.
Defence stocks have long been a source of controversy when it comes to ESG investing and this week European countries called for a new financing strategy from the European Investment Bank that would expand its support for the defence industry without hurting its ESG ratings. Bloomberg covers the story.
