JOURNAL ARTICLE

Sierra Club Foundation Terminating BlackRock as Asset Manager due to ESG Pullback.

  • Published In: Business Law Today, 2025. P. 42 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Doyle, Rani 3 of 3

Abstract

The article focuses on the Sierra Club Foundation's decision to transition approximately $10.5 million in assets from BlackRock/Aperio to Nia Impact Capital and Xponance. This decision, announced on June 25, 2025, follows three years of engagement with BlackRock, during which the foundation expressed concerns over the company's handling of climate crisis implications in its investment strategies. The move reflects ongoing adjustments by market participants in addressing environmental, social, and governance (ESG) issues, emphasizing a shift towards sustainability and long-term value management. [Extracted from the article]

Additional Information

  • Source:Business Law Today. 2025/06, p42
  • Document Type:Article
  • Subject Area:Environmental Sciences
  • Publication Date:2025
  • ISSN:1059-9436
  • Accession Number:186858097
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