Indiana State Treasurer places BlackRock on ESG watchlist, initiating 180-day review and alleging illegal ESG commitments.
Indiana State Treasurer Daniel Elliott places BlackRock on an ESG (Environmental, Social, Governance) watchlist, triggering a 180-day review of the firm's investments. This marks the first time the treasurer's office has pursued any action against an investment firm since the 2023 state law prohibiting the state's retirement system from making ESG commitments in its investments. BlackRock, which manages multiple funds for Indiana's public pension funds, has been accused of making illegal ESG commitments.
June 21, 2024
4 Articles