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Company Directory - BlackRock

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BlackRock

BlackRock is a global investment management corporation that focuses on asset management and risk management.

CCI Score

CCI Score: BlackRock

-44.03

0.02%

Latest Event

BlackRock Clarifies Lack of Involvement in Hedera Tokenization

Amid reports suggesting a role in tokenizing a U.S. Treasury money market fund on the Hedera blockchain, BlackRock publicly clarified that it was not involved and denied any commercial relationship with Hedera, distancing itself from misleading marketing claims.

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TOADIE

BlackRock is currently rated as a Toadie.

-30 to -44 CCI Score
Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

  • BlackRock Clarifies Lack of Involvement in Hedera Tokenization Logo
    APR
    03
    2025

    Amid reports suggesting a role in tokenizing a U.S. Treasury money market fund on the Hedera blockchain, BlackRock publicly clarified that it was not involved and denied any commercial relationship with Hedera, distancing itself from misleading marketing claims.

  • BlackRock-led Consortium's Delayed Panama Ports Deal Logo
    APR
    02
    2025

    BlackRock, as the lead in a $23 billion acquisition of controlling interests in Panama Canal ports from CK Hutchison, faces delays amid Chinese regulatory pushback and politicized narratives championed by President Trump. The deal, initially scheduled for signing in early April 2025, has become a flashpoint in US-China geopolitical tensions.

  • OECD Complaint Alleges BlackRock’s Unethical Investment Practices Logo
    NOV
    21
    2024

    An OECD complaint, brought by environmental and indigenous rights groups, accuses BlackRock of increasing its investments in agribusiness companies implicated in environmental devastation, including deforestation in the Amazon, which violates human rights and undermines global climate stability.

  • -60

    Business Practices and Ethical Responsibility

    March 28

    The complaint alleges that BlackRock has expanded investments in companies involved in environmental destruction and human rights abuses, particularly impacting indigenous communities and destabilizing the global climate. This raises serious concerns about the firm's ethical business practices and responsibilities, as outlined by OECD guidelines. Such actions indirectly support structures that harm marginalized communities and contribute to systemic abuses.

    BlackRock accused of contributing to climate and human rights abuses

  • Complaint Filed Against BlackRock for Deforestation and Human Rights Abuses Logo
    NOV
    20
    2024

    A formal complaint has been filed with the National Contact Point for Responsible Business Conduct by Friends of the Earth US and the Articulation of Indigenous Peoples of Brazil. The complaint alleges that BlackRock’s continued investments in companies linked to deforestation, land grabbing, and violations of indigenous rights contravene OECD guidelines on environmental stewardship and human rights.

  • -70

    Public and Political Behavior

    March 28

    The public and political behavior rating reflects BlackRock's failure to address repeated public pressure and activist demands for better ethical oversight. The complaint highlights BlackRock's apparent disregard for stakeholder concerns amid mounting evidence of environmental and human rights abuses linked to its investments.

    New complaint against BlackRock over deforestation and human rights abuses

  • -80

    Business Practices and Ethical Responsibility

    March 28

    The business practices and ethical responsibility rating is based on allegations that BlackRock’s investment strategy funds companies known for environmental destruction and human rights abuses. This behavior contravenes international standards such as the OECD guidelines and reflects a significant lapse in corporate social responsibility and accountability.

    New complaint against BlackRock over deforestation and human rights abuses

  • Complaint Filed Against BlackRock Over Agribusiness Investments Logo
    NOV
    20
    2024

    On November 20, Friends of the Earth US and The Articulation of Indigenous Peoples of Brazil (APIB) filed a complaint with the U.S. NCP alleging that BlackRock’s financing of agribusiness companies contributes to environmental degradation and human rights abuses, including deforestation and violence against indigenous communities. The complainants are demanding mediation and policy reforms to mitigate these harms.

  • -80

    Business Practices and Ethical Responsibility

    March 28

    BlackRock is being accused of failing to ensure ethical investment practices by financing agribusiness companies that are implicated in environmental destruction and human rights violations. This neglect of due diligence in its investment portfolio raises serious concerns about its business practices and ethical responsibility.

    Friends of the Earth US and The Articulation of Indigenous Peoples of Brazil (APIB) vs BlackRock

  • OECD Complaint Filed Against BlackRock Over Agribusiness Investments Logo
    NOV
    20
    2024

    Friends of the Earth U.S. and the Articulation of Indigenous Peoples of Brazil filed an OECD complaint on November 20, 2024, alleging that BlackRock's investments in agribusiness are directly linked to environmental destruction, deforestation, biodiversity loss, and human rights abuses affecting Indigenous communities.

  • -80

    Business Practices and Ethical Responsibility

    March 28

    BlackRock's sustained and increasing investments in agribusiness companies with documented records of environmental harm and human rights violations—such as deforestation and infringement on Indigenous Peoples’ rights—highlight a serious ethical and accountability lapse. The OECD complaint underscores the firm's failure to adhere to international ethical guidelines, marking a negative impact on its business practices.

    Friends of the Earth files OECD Complaint against BlackRock for Investments in Agribusiness Companies Causing Environmental, Human Rights Violations

  • OECD Complaint Highlights BlackRock's Complicity in Agribusiness Abuses Logo
    NOV
    01
    2024

    In November 2024, Friends of the Earth U.S. and the Articulation of Indigenous Peoples of Brazil filed a formal complaint with the U.S. National Contact Point to the OECD. The complaint alleges that BlackRock, despite long-standing awareness of environmental and human rights risks in the agribusiness sector, has increased its investments in companies implicated in deforestation, labor abuses, land grabbing, and violations of Indigenous Peoples’ rights.

  • -80

    Labor Relations and Human Rights Practices

    March 28

    BlackRock is criticized for its failure to act on documented risks related to its agribusiness investments. The complaint underscores that the firm remains complicit in environmental degradation and human rights abuses by continuing and even increasing its exposure to companies with notorious labor and human rights violations. This inaction is seen as a serious breach of ethical business practices and a neglect of responsibilities under international guidelines.

    PDF Summary of Complaint against BlackRock to the U.S. National Contact Point ...

  • BlackRock Abandons ESG Engagement Logo
    SEP
    04
    2024

    BlackRock has drastically reduced its support for shareholder proposals on environmental and social issues, backing only 4% between July 2023 and June 2024 compared to 47% in 2021. This shift appears to be a response to conservative political pressure, undermining progressive corporate responsibility.

  • -40

    Public and Political Behavior

    March 28

    The significant rollback in supporting ESG-related shareholder proposals shows BlackRock yielding to conservative pressures, which undermines ethical public and political behavior in corporate decision‐making.

    How BlackRock Abandoned Social And Environmental Engagement - Forbes

  • -50

    Business Practices and Ethical Responsibility

    March 28

    By abandoning its previous commitment to environmental and social engagement, BlackRock is retreating from ethical business practices. This move negatively impacts efforts to enhance corporate accountability in sustainability and social justice, which are crucial for protecting marginalized communities.

    How BlackRock Abandoned Social And Environmental Engagement - Forbes

  • BlackRock Lobbying Profile on OpenSecrets Logo
    JAN
    01
    2024

    The OpenSecrets profile for BlackRock tracks the company's annual lobbying totals since 1998 and notes that BlackRock Inc has not reported lobbying on specific bills in 2024. This profile sheds light on the longstanding involvement in lobbying activities, prompting questions about corporate influence in politics.

  • -20

    Political Contributions and Lobbying Efforts

    March 28

    The OpenSecrets profile highlights BlackRock’s historical lobbying activities, which from an anti-fascist perspective is concerning for its potential to support corporate influence over public policy. Although the report notes no specific lobbying on bills in 2024, the ongoing record of political contributions and lobbying raises issues around transparency and influence.

    BlackRock Inc Profile: Lobbying • OpenSecrets

  • BlackRock’s Extensive Political Lobbying and Revolving Door Practices Logo
    JAN
    01
    2024

    OpenSecrets profile reveals BlackRock's $2.6M in political contributions and $2.84M in lobbying expenditures during the 2024 cycle, along with a high proportion of ex-government officials serving as lobbyists, raising concerns about corporate influence and regulatory capture.

  • -40

    Political Contributions and Lobbying Efforts

    March 28

    BlackRock's significant political spending in 2024, with nearly $2.6M in contributions and $2.84M in lobbying, indicates substantial engagement in shaping political outcomes. This level of financial influence suggests a corporate interest in maintaining close ties with government mechanisms, which can contribute to regulatory capture and undermine democratic accountability.

    BlackRock Inc Profile: Summary • OpenSecrets

  • -30

    Executive Political Engagement

    March 28

    The revolving door evident in BlackRock’s profile, where a large proportion of its lobbyists are ex-government officials (26 out of 31 in 2023 and 32 out of 44 in 2024), highlights entrenched ties between corporate and political spheres. This pattern poses risks of undue influence over public policy and contributes to the erosion of transparent democratic governance.

    BlackRock Inc Profile: Summary • OpenSecrets

  • BlackRock's $1.9 Billion Investment Fuels PRC Authoritarianism Logo
    DEC
    31
    2023

    A bipartisan investigation revealed that BlackRock invested approximately $1.9 billion in Chinese companies that are red-flagged by the U.S. government for advancing the PRC's military capabilities and human rights abuses, including the alleged Uyghur genocide. This financial engagement supports firms that contribute to the CCP's authoritarian regime.

  • -80

    Economic Collaboration

    March 28

    BlackRock's significant investment in PRC companies that are linked to advanced military production and human rights abuses signals a worrying pattern of economic collaboration with an authoritarian regime. By funneling funds to red-flagged entities, BlackRock indirectly supports the CCP’s militarism and the suppression of human rights, which undermines efforts to counter authoritarianism.

    COMMITTEE REPORT: American Financial Institutions Funneled Billions into PRC Companies Fueling the CCP's Military, Surveillance State, and Uyghur Genocide

  • BlackRock Probed Over Investments in Blacklisted Chinese Companies Logo
    AUG
    01
    2023

    A congressional committee is investigating BlackRock and MSCI for facilitating American investments in Chinese companies blacklisted for allegedly fueling China’s military advancements and human rights abuses. BlackRock has defended its compliance with US laws, but the probe raises concerns over its business practices and political impact.

  • -20

    Public and Political Behavior

    March 28

    Lawmakers' investigation into BlackRock's role in channeling investments into blacklisted Chinese companies highlights issues in its public and political behavior. The probe calls into question the firm's oversight of politically sensitive investments, which may indirectly support human rights abuses and authoritarian practices.

    BlackRock, MSCI probed by lawmakers over China investment

  • -40

    Business Practices and Ethical Responsibility

    March 28

    The inquiry points to BlackRock’s investment products permitting capital flow into blacklisted companies, raising ethical concerns about its business practices. Such investments may inadvertently support companies involved in human rights violations and military modernization, reflecting negatively on the firm's ethical responsibility.

    BlackRock, MSCI probed by lawmakers over China investment

  • Investigation of BlackRock's Investments in Questionable Chinese Companies Logo
    AUG
    01
    2023

    A Congressional select committee is investigating BlackRock over its investments in Chinese companies that are linked to the People's Liberation Army and alleged human rights abuses, raising national security concerns.

  • -50

    Public and Political Behavior

    March 28

    The investigation highlights BlackRock's political behavior by channeling significant American retirement savings into funds that invest in companies flagged for supporting the Chinese military and human rights abuses. This practice is seen as undermining national security and American values.

    BlackRock and MSCI under investigation by House Committee for investments in China

  • -40

    Business Practices and Ethical Responsibility

    March 28

    The event also raises serious concerns about BlackRock's business practices and ethical responsibility. The firm's funds have invested over $429 million into Chinese companies identified as acting against U.S. interests, suggesting a neglect of due diligence and ethical oversight in its financial practices.

    BlackRock and MSCI under investigation by House Committee for investments in China

  • BlackRock Record Political Contributions Amid ESG Debate Logo
    OCT
    15
    2022

    BlackRock's political action committee has set a record in political spending, contributing approximately $647,000 to a range of congressional candidates, leadership PACs, and political parties from January 2021 through mid-October. The donations, distributed almost evenly between Democrats and Republicans—with strategic choices such as maximum contributions to figures like Senate Majority Leader Charles Schumer and House Speaker Nancy Pelosi, while avoiding others who opposed electoral certification—have raised scrutiny over the firm's influence. Additionally, CEO Larry Fink and other executives have made personal campaign contributions, further embedding the company in political engagement.

  • -40

    Political Contributions and Lobbying Efforts

    March 28

    BlackRock’s record political spending via its PAC demonstrates significant corporate influence in the political arena. The strategic allocation of funds across parties, including directing maximum contributions to key leaders, raises concerns about the use of excessive corporate money to shape policy debates, particularly around ESG investing. Such practices can undermine democratic accountability and offer undue influence to corporate interests.

    BlackRock Spends Record on US Political Campaigns as ESG Fight Intensifies

  • -20

    Executive Political Engagement

    March 28

    The active involvement of CEO Larry Fink and other BlackRock executives in political contributions reflects a deep engagement in the political process that goes beyond traditional corporate financial strategies. Their contributions, despite being distributed across party lines, contribute to an environment where corporate leaders can exert outsized influence on policy decisions, raising concerns about potential impacts on democratic integrity.

    BlackRock Spends Record on US Political Campaigns as ESG Fight Intensifies

  • BlackRock's 2021 Lobbying Expenditure Logo
    DEC
    31
    2021

    BlackRock Inc spent $1,940,000 on lobbying activities in 2021, as reported by OpenSecrets, highlighting its efforts to influence U.S. policy through significant corporate political engagement.

  • -40

    Political Contributions and Lobbying Efforts

    March 28

    The reported lobbying expenditure of $1,940,000 in 2021 by BlackRock indicates a strategic use of political influence that can contribute to the concentration of corporate power and undemocratic practices. Such spending potentially undermines the democratic process and aligns corporate interests with policies that may favor authoritarian priorities over broader democratic accountability.

    BlackRock Inc Lobbying Profile • OpenSecrets

  • BlackRock's Revolving Door Influence Logo
    FEB
    01
    2021

    In the documentary 'THE CON', filmmaker Eric Vaughan criticizes the practice of the Treasury being staffed with former BlackRock personnel. He argues that this revolving door undermines regulatory independence and favors corporate interests, ultimately contributing to a system that may enable authoritarian capture of financial oversight.

Industries

523999
Miscellaneous Financial Investment Activities
523110
Investment Banking and Securities Dealing
523930
Investment Advice
523920
Portfolio Management