Office of NYC Comptroller Brad Lander on Instagram: "Last week, Comptroller Lander recommended NYC’s pension funds drop BlackRock and two other public markets asset managers due to their inadequate decarbonization plans.   After evaluating the pension systems’ 49 managers, only three failed to submit plans that address climate risk with the seriousness we expect. Read more: https://comptroller.nyc.gov/newsroom/comptroller-lander-recommends-pension-boards-drop-blackrock-fidelity-and-panagora-due-to-inadequate-decarbonization-plans/"

New York City Comptroller Brad Lander is pushing for pension funds to divest from BlackRock and other asset managers due to their insufficient decarbonization plans. This move aims to prioritize climate risk management and promote sustainable investing in the city's pension system. The comptroller's decision is part of a broader effort to address the financial implications of climate change and ensure a more environmentally responsible investment strategy. Learn more about the pension system's climate risk management and the impact of sustainable investing on the city's financial future.