Asset Managers
Global asset managers, like BlackRock and Vanguard, supply fossil fuel companies with a steady stream of capital.
Global asset managers, like BlackRock and Vanguard, supply fossil fuel companies with a steady stream of capital. They also invest heavily in companies driving deforestation and back firms that undermine Indigenous rights. Asset managers that continue to fund the climate crisis face exponential risks: both environmental and financial. BlackRock, Vanguard, and other asset managers have the capacity to become global climate leaders.
There are five essential solutions:
- Exclude climate-harming companies from active funds
- Expand pro-climate engagement and voting
- Adopt a global baseline climate standard for ESG
- Promote human and Indigenous rights
- Offer climate funds by default