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Fossil fuel holdings cost BlackRock investors $90bnBY KARREN VERGARA | WEDNESDAY, 7 AUG 2019 12:17PM
BlackRock has lost more than US$90 billion ($133bn) by investing in fossil fuel-dependent companies over the last decade, a new report criticising the world's largest fund manager about its failure to manage climate risk shows.
Read more: BlackRock, IEEFA, ESG, Chevron, ExxonMobil, Financial Analysis, General Electric, Larry Fink, Peabody Energy
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Depression, Recovery, and the Risk of Time
Equity Trustees has handed over the management of Newgate Real Estate and Infrastructure Fund to a new manager, as Newgate Capital announces its intention to retire from the fund.
Zurich Australia and OnePath Life announced donations to 20 charities with COVID-19 response funding.
Liberal MP Tim Wilson has asked to recall ME Bank to the House of Representatives Standing Committee on Economics after correspondence with ASIC for a hearing later this week.
Mercy Super has appointed a financial services veteran as an independent director, bringing with him more than 40 years' experience in funds management to the board.
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