‘U.N. Women’ Cuts Ties with BlackRock

United Nations group says there are too many “concerns raised by civil society” against world’s largest financial asset manager.

QUICK FACTS:

• A United Nations entity called ‘U.N. Women’ has ended its partnership with globalist financial asset manager BlackRock Inc., citing “concerns raised by civil society.”
• “UN Women Executive Director has taken the decision to end the knowledge exchange partnership with BlackRock,” an email from the New York-based group stated last Friday. “Going forward, we will conduct a systematic review and assessment of our partnerships, which will inform our new private sector engagement strategy.”
• The move came after nearly 600 women’s rights organizations in August signed an open letter calling for U.N. Women to back out of its partnership with BlackRock.

After public outcry, UN Women has terminated a partnership with BlackRock, a company that manages $9.6 trillion in assets and is also one of the largest investors in the fossil fuel industry, the agency confirmed to The 19th. https://t.co/Nyfrmk9CZ4

— 19thnews (@19thnews) August 25, 2022

FEMINISTS AGAINST BLACKROCK:

“We’re concerned with the embrace of the private sector rather than what we in the feminist movement, and our allies in the immigration movement, and the trade union movement, et cetera, are saying,” said Kathryn Tobin, a senior program manager for the Women’s Environment and Development Organization, which co-led the campaign to end the BlackRock partnership. “The UN should be saying, ‘Hold on, corporate power is a problem. And the increasing influence and sheer wealth of these companies, especially BlackRock, is a problem.'”

UN Women, a United Nations entity, has ended a partnership with BlackRock just three months after it was formed, citing “concerns raised by civil society” https://t.co/NL2cioCyp7

— Bloomberg (@business) August 26, 2022

BACKGROUND:

• BlackRock announced in May its signing of a ‘Memorandum of Understanding with UN Women,’ a move signifying the two entities were “agreeing to cooperate in promoting the growth of gender lens investing,” according to BlackRock, who had also hoped U.N. Women would “serve as a knowledge partner and collaborate on data and research.”
• BlackRock manages nearly $10 trillion in assets and is also one of the largest investors in the fossil fuel industry despite advertising itself as being “committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner.”
• The money manager was recently penalized or outright banned by Texas, West Virginia, and Florida for pushing discriminatory and ideologically-driven ESG (Environmental, social, and corporate governance) strategies.