One of BlackRock’s most senior executives said transitioning to a low-carbon economy is key to growing its alts business. This belief comes as the money manager faces heavy scrutiny over its ESG stance.
Hi. Aaron Weinman here. BlackRock''s bullish stance on all things environmental, social, and governance has drawn criticism from a number of politicians, both conservative and progressive. Those on the left of the aisle argue the asset manager could do more to support a transition to a low-carbon economy, while conservatives reckon BlackRock''s position on the climate crisis ostracizes heavy-carbon emitting industries. BlackRock''s head of international and corporate strategy, Mark Wiedman, told a conference panel that helping finance the transition is an integral way to grow the firm''s private-equity unit, and by extension, its alternative-assets business. Before we get into that, however, it''s also time for our Banker of the Week! If this was forwarded to you, sign up here . Download Insider''s app here . 1. BlackRock is after new ways to finance the energy transition. Mark Wiedman, a top executive at the firm, said such an effort could bring together the firm''s private equity, infrastructure, and credit capabilities.
One of BlackRock’s most senior executives said transitioning to a low-carbon economy is key to growing its alts business. This belief comes as the money manager faces heavy scrutiny over its ESG stance.
Hi. Aaron Weinman here. BlackRock''s bullish stance on all things environmental, social, and governance has drawn criticism from a number of politicians, both conservative and progressive. Those on the left of the aisle argue the asset manager could do more to support a transition to a low-carbon economy, while conservatives reckon BlackRock''s position on the climate crisis ostracizes heavy-carbon emitting industries. BlackRock''s head of international and corporate strategy, Mark Wiedman, told a conference panel that helping finance the transition is an integral way to grow the firm''s private-equity unit, and by extension, its alternative-assets business. Before we get into that, however, it''s also time for our Banker of the Week! If this was forwarded to you, sign up here . Download Insider''s app here . 1. BlackRock is after new ways to finance the energy transition. Mark Wiedman, a top executive at the firm, said such an effort could bring together the firm''s private equity, infrastructure, and credit capabilities.