Tag: BlackRock

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Northvolt Announces Job Cuts and Site Closures Amid EV Sales Declines

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the staff of the Ridgewood blog

Ridgewood NJ, Northvolt, a critical battery producer for Europe’s electric vehicle (EV) industry, has announced a series of cost-cutting measures, including job cuts and the closure of one of its facilities. The Stockholm-based company, which manufactures lithium-ion batteries and has partnerships with leading automakers such as Volkswagen and Volvo, is taking steps to secure its future amidst a challenging economic environment.

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BlackRock Shifts Focus: From ESG Champion to Skeptic

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the staff of the Ridgewood blog

Ridgewood NJ, in the evolving world of pension politics, BlackRock has undergone a significant transformation. Once a leading advocate for prioritizing environmental, social, and governance (ESG) considerations over investment returns, BlackRock has notably pulled back from its previous stance. The investment giant, which once spearheaded the push for ESG, now appears more skeptical than many of its peers.

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BlackRock Backs Off ESG

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the staff of the Ridgewood blog

Ridgewood NJ, perhaps Larry Fink has taken note of the annual report card, “Putting Politics Over Pensions.”  It’s undeniable that BlackRock is shifting its stance on climate activism. This marks a significant reversal in just 18 months, especially considering Fink’s previous leadership in the CEO movement advocating for climate action.

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New Jersey Pension Funds at Risk as the 10 largest ESG funds by assets have all posted double-digit losses in 2022

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the staff of the Ridgewood blog

Ridgewood NJ, several decades of stock market evidence that social-investment funds typically underperform the market.

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