Baines & Hager, ‘From Passive Owners to Planet Savers? Asset Managers, Carbon Majors and the Limits of Sustainable Finance’

Abstract This article examines the role of the Big Three asset management firms — BlackRock, Vanguard and State Street — in corporate environmental governance. Specifically, it charts the Big Three’s relationships with the public–owned Carbon Majors: a small group of fossil fuels, cement and mining companies responsible for the bulk of industrial greenhouse gas emissions. […]

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