The U.S. Securities and Exchange Commission announced on Wednesday that it has decided not to pursue enforcement action into asset managers including BlackRock and State Street, following an investigation into potential regulatory violations through their participation with climate-focused engagement group Climate Action 100+ (CA100+) in voting to replace directors at ExxonMobil in 2021. While acknowledging … Continue reading SEC Drops Investigation into BlackRock, State Street, with a Warning Over Participation in Climate Groups
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SEC Drops Investigation into BlackRock, State Street, with a Warning Over Participation in Climate Groups
The U.S. Securities and Exchange Commission announced on Wednesday that it has decided not to pursue enforcement action into asset managers including BlackRock and State Street, following an investigation into potential regulatory violations through their participation with climate-focused engagement group Climate Action 100+ (CA100+) in voting to replace directors at ExxonMobil in 2021. While acknowledging … Continue reading SEC Drops Investigation into BlackRock, State Street, with a Warning Over Participation in Climate Groups