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Will BlackRock refute Tennessee AG's claim that ESG investing is 'dead' by end of 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
BlackRock's official website or press releases
Story
Tennessee Settles with BlackRock Over Misleading ESG Claims, Declares ESG Investing 'Dead'
Jan 17, 2025, 07:01 PM
Tennessee has settled a lawsuit with BlackRock Inc., the world's largest asset manager, after accusing the firm of breaching consumer protection laws by making 'misleading' statements about its environmental, social, and governance (ESG) investment strategy. The settlement, announced by Tennessee Attorney General Jonathan Skrmetti, resolves allegations that BlackRock misled customers regarding the integration of ESG factors into its investment practices. Under the terms of the settlement, BlackRock has agreed to enhance transparency, implement compliance measures including audits, improve investor communications, and commit to casting shareholder votes solely to further the financial interests of investors in funds not focused on ESG objectives. Tennessee Attorney General Jonathan Skrmetti stated that this settlement signifies that ESG investing is 'dead' at BlackRock. The settlement does not include a penalty or admission of wrongdoing by BlackRock.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Improves market position • 25%
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Unclear impact • 25%
No change • 25%
Improved perception • 25%
Mixed perceptions • 25%
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Fidelity • 25%
Vanguard • 25%
State Street • 25%
Other • 25%
Technology-focused • 25%
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Sustainability-focused • 25%
Decreased investment in BlackRock • 25%
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Increased investment in BlackRock • 25%
No significant change • 25%