BlackRock's Big Problem is an open source network consisting of national, local and international NGO’s, grassroots community groups, and other allies. While we work to share information and resources across the network, we are not responsible for the positions and actions of individual network members, nor are individual network members responsible for the actions of other network members.
THERE IS ONE COMPANY THAT CONTRIBUTES MORE TO CLIMATE DESTRUCTION THAN ALMOST ANYONE ELSE ON EARTH.
Since the financial crisis of 2008 asset managers have quietly become the biggest owners of the global economy. The largest, BlackRock, has $6.4 Trillion in assets under management. As the world’s biggest investor, BlackRock is also the world’s biggest owner of fossil fuel companies. BlackRock owns more coal, oil and gas, and rainforest destruction than any other US company.
BlackRock contributes more to climate change than almost any other company on earth. To save our climate that needs to change.
BlackRock wants to be a leader in sustainable investing. Their CEO Larry Fink has called on all companies to have a “social purpose” and make a “positive contribution to society”.
Yet BlackRock’s own business practices are making the climate crisis worse.
BlackRock’s Big Problem is a global network of NGO’s and social movements that are pressuring asset managers like BlackRock to align their business practices with a climate-safe world. That means divesting from fossil fuel companies that won’t change their practices, prioritizing fossil and deforestation free funds, and more actively pushing companies they own to align their businesses with the goals of the Paris climate agreement.
Comprised of some of the most effective corporate campaigning groups in the US and around the world, we will hold BlackRock to account by increasing pressure on their customers, employees, and in the media until they become the responsible company their CEO asks others to be.
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