BlackRock’s CEO Larry Fink has faced calls to resign from a UK activist investor over the fund giant's approach to ESG investing.
Bluebell Capital Partners, in a public letter, accused Fink of "apparent hypocrisy" for switching positions on thermal coal several times, according to the correspondence seen by Investment Week. It also criticised him for failing to adhere to BlackRock's own public commitments on sustainability. BlackRock was in particular attacked by Bluebell for failing to support the activist investor's position on environmental shareholder resolutions at the mining and commodities group Glencore and chemicals group Solvay. Bluebell has about a 0.01% stake in BlackRock, according to the Financi...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
