NYC Comptroller Recommends Pensions Drop BlackRock, Fidelity & PanAgora

NYC Comptroller Calls to Drop $42 Billion Investment Mandate with BlackRock Over “Inadequate Decarbonization Plans”

New York City Comptroller Brad Lander announced that he has recommended that the city’s pension funds drop a $42 billion investment mandates with BlackRock, as well as those with Fidelity and PanAgora, over the asset managers’ failure to submit decarbonization plans that were aligned with the pension system’s net zero investment goals. The Comptroller’s new […]

NYC Comptroller Recommends Pensions Drop BlackRock, Fidelity & PanAgora

BlackRock’s new policy that ceases proactive engagement on proxy voting issues with U.S. companies where it owns 5% or more renders it unable to meet the pension systems’ expectations 46 of 49 public markets managers submitted decarbonization plans that align with NYC’s Net Zero Implementation Plan New York City Comptroller Brad Lander released a Net Zero Implementation Plan update to trustees of the New York City Employees’ Retirement System (N…