{"id":52930,"date":"2025-11-26T14:09:06","date_gmt":"2025-11-26T14:09:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/52930\/"},"modified":"2025-11-26T14:09:06","modified_gmt":"2025-11-26T14:09:06","slug":"nycs-lander-recommends-dropping-42-billion-blackrock-mandate","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/52930\/","title":{"rendered":"NYC\u2019s Lander Recommends Dropping $42 Billion BlackRock Mandate"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">New York City Comptroller Brad Lander is urging three of the city\u2019s pension funds to drop BlackRock Inc. because of \u201c<a href=\"https:\/\/comptroller.nyc.gov\/newsroom\/comptroller-lander-recommends-pension-boards-drop-blackrock-fidelity-and-panagora-due-to-inadequate-decarbonization-plans\/\" title=\"Link to Press Release\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">inadequate<\/a>\u201d climate plans, the latest move to penalize investment firms for failing to tackle global warming.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The guidance to reject BlackRock, the city\u2019s largest money manager overseeing $42.3 billion of index funds for the pensions, follows a review of the firm\u2019s efforts to press companies to decarbonize. Lander said Wednesday he\u2019s also asking plan trustees to terminate much smaller mandates with <a href=\"https:\/\/www.bloomberg.com\/quote\/5079Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Fidelity Investments<\/a> and <a href=\"https:\/\/www.bloomberg.com\/quote\/399816Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">PanAgora Asset Management<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"New York City Comptroller Brad Lander is urging three of the city\u2019s pension funds to drop BlackRock Inc.&hellip;\n","protected":false},"author":2,"featured_media":52931,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[29235,13450,3339,7443,29234,4173,5654,29233,9,24,55,54,56,5285,6078],"class_list":["post-52930","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-armando-senra","tag-blackrock-inc","tag-cities","tag-climate-change","tag-corporate-governance","tag-global-warming","tag-green","tag-money-manager","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny","tag-republican-party","tag-u-s-democrats"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/52930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=52930"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/52930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/52931"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=52930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=52930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=52930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}