BlackRock, Inc., a multinational investment company and one of the world’s largest asset managers with a $10 trillion portfolio, has been deeply involved in pushing the politically aligned environmental, social, and governance – or ESG – agenda for the last several years. Now secretaries of state in Mississippi and Indiana have hit the company with summary cease-and-desist orders accusing them of fraud for making “false and misleading statements” to investors related to their ESG push. Joining us today to explain what BlackRock’s been up to and what states can do to push back is Indiana Secretary of State Diego Morales.

Links:
Indiana Secretary of State Diego Morales Reports Cease & Desist Order Issued Against BlackRock for Alleged Securities Fraud Related to ESG Investment Strategy

BlackRock: Nonprofit Allies

“Progressive” ESG Shareholder Activism: Understanding ESG Activism

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Episode 331 - Indiana Battles BlackRock