Despite backlash, BlackRock does not plan any big changes to ESG stance

Despite backlash, BlackRock does not plan any big changes to ESG stance

FILE PHOTO: The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai/File Photo

BlackRock plans no major changes to the way it engages with companies and votes on environmental and social issues in the year ahead, despite a backlash against its stance on climate change from some U.S. Republican politicians.

The world’s biggest asset manager, with oversees around $8 trillion for investors, has been challenged by some Republican lawmakers as it pushes companies to make changes as part of a global transition to a low-carbon economy.

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