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BlackRock ups focus on ‘natural capital’ ahead of AGM season

Sumary of BlackRock ups focus on ‘natural capital’ ahead of AGM season:

  • Article content LONDON/BOSTON — BlackRock on Thursday warned companies that rely on nature or have an impact on natural habitats to publish a “no deforestation”..
  • The world biggest asset manager is keen to position itself as a leader in sustainable finance and over the last year has looked to take a tougher position on companies not performing on environmental, social and governance related issues…
  • How companies manage ‘natural capital,’ such as water and forests, is seen as an integral part of their response to climate change and a driver of value for shareholders…
  • “All companies rely on natural capital in some way and, as the world transitions to a low-carbon economy, we ask companies to demonstrate how they are minimizing their negative impacts on, and ideally enhancing the stock of, the natural capital on which their long-term financial performance depends,”…

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