BlackRock Chief Executive Larry Fink said on Thursday that the firm was being unfairly targeted by candidates in the fourth Republican presidential debate, calling it a “depressing commentary on the state of American politics.”
BlackRock, the world’s largest asset manager, has faced backlash from state pension plans in Florida, Louisiana and Republican-led Missouri for the firm’s ESG policies, which filter potential investments based on environmental, social and governance screens. Overall, the firm lost about $4 billion in 2022 in assets under management as a result of its ESG stance while attracting $230 billion in inflows.
“The only agenda we have is to deliver for our customers,” wrote Larry Fink in a LinkedIn post. Getty Images
Republican presidential candidates from left: Chris Christie, Nikki Haley, Ron DeSantis and Vivek Ramaswamy Getty Images
Florida Gov. Ron DeSantis criticized the firm in Wednesday’s debate for using “economic power” to instill a “left-wing agenda.”
“The only agenda we have is to deliver for our customers,” Fink wrote in a LinkedIn post. “One candidate last night claimed that BlackRock is somehow preventing American energy companies from drilling for oil. The reality: BlackRock clients have more than $170 billion invested in American energy companies and just last month, we announced a partnership with one of America’s largest energy companies to help develop new technologies.”
BlackRock shares closed up 0.3% at $745.44
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Source: thtrangdai.edu.vn/en/
