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BLK Jan 2024 1400.000 call
- Reuters
UAE set to announce $30 billion climate finance fund at COP28 -sources
The United Arab Emirates is preparing to announce a new $30 billion climate-focused investment fund during COP28 with backing from some of the world's biggest investors including BlackRock, three sources with knowledge of the matter told Reuters. The sources said the UAE would provide the bulk of the money and private equity firm TPG and infrastructure investor Brookfield would also be involved.
- Reuters
Sustainable Finance Newsletter - BlackRock, Vanguard shift proxy reporting
It can make for an interesting news story when a company's top investor publicly criticizes an executive pay plan or backs a shareholder resolution, which is why the scores of voting memos that BlackRock and Vanguard have issued in recent years often generate headlines. But both top fund managers have dialed back the frequency of these memos as they shift to other reporting formats, I found in a review of their investment stewardship websites, a trend you can read about below in this week's main story. You'll also find links to Reuters coverage of the carbon capture debate and how Amazon faced labor actions across Europe on "Black Friday."
