We’re pleased to resolve this matter,” a BlackRock spokesperson told ESG Dive. The agreement dismisses the state’s 2023 ...

BlackRock has invested more than $41.7 billion in Tennessee companies and is the world’s largest asset manager.

Asset manager BlackRock agreed to new disclosure requirements about its use of sustainable-investment factors as part of a ...

The lawsuit accused the firm of making “misleading” statements on how strongly ESG goals drove its investments.

Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly ...

BlackRock, Inc. has settled a dispute with Tennessee over its ESG practices, which the state said misled consumers.

The settlement ends a lawsuit that was originally filed in December 2023 by the state of Tennessee under the Tennessee ...

Tennessee AG Skrmetti settles with BlackRock over ESG disclosures, ensuring transparency and fidelity to investors' interests ...

In response, Chief Executive Officer Larry Fink has said he no longer uses the ESG label because it’s become too politicized. The Tennessee lawsuit was the first by a GOP official against an ...

Its CEO Larry Fink said in 2023 that he had stopped using the term ESG because of how weaponized it had become. BlackRock said it was pleased to resolve the dispute with Tennessee.

The agreement dismisses the state’s 2023 lawsuit and does not find that the investment firm violated any laws. “We’re pleased to resolve this matter,” a BlackRock spokesperson said.

An anti-ESG backlash has gathered force among Skrmetti ... said it was pleased to resolve the dispute with Tennessee. "BlackRock has consistently acted in the best interests of our clients ...