state street | Corporate Knights https://corporateknights.com/tag/state-street/ The Voice for Clean Capitalism Sun, 06 Nov 2022 00:56:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://corporateknights.com/wp-content/uploads/2022/05/cropped-K-Logo-in-Red-512-32x32.png state street | Corporate Knights https://corporateknights.com/tag/state-street/ 32 32 Vanguard, BlackRock and State Street knee-deep in dirty investments https://corporateknights.com/responsible-investing/vanguard-blackrock-statestreet-dirty-investments/ Fri, 14 May 2021 16:00:49 +0000 https://corporateknights.com/?p=26367 The world’s three biggest asset managers together hold US$774 billion in equity in the worst climate offenders

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]]> The world’s largest asset managers talk a good game about getting tough on climate, but are they putting their money where their mouths are? We asked our researchers to dig into their holdings. The result: Vanguard, BlackRock and State Street are knee-deep in dirty investments. We asked Graham Roumieu to illustrate the findings for Knight Bites.

Oil and gas guzzlers: Fossil fuel companies with less than 20% of their near-term investment in the energy transition

Climate-policy blockers: Companies lobbying against climate policy

Coal mongers: Companies that engage in the production of coal or coal-based energy (>20% of power production and >10% revenue)

Nature wreckers: Companies that have caused severe environmental damage, identified by the Norwegian sovereign fund (NBIM)

Forest razers: Worst-in-class companies engaging in deforestation in South America and Southeast Asia or that cause the most harm in the palm oil industry

Dirty cement-makers: Environmental laggards in the cement industry

Related reading: Heroes and zeros: Vanguard’s John Bogle and Postmedia’s Paul Godfrey

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