Fund the fight to push New York City’s pensions to move money away from BlackRock now >>
New York City Comptroller Brad Lander has urged three of the city’s largest public pension funds to shift $42.3 billion away from BlackRock. This is one of the most consequential climate finance decisions in the country, and if New York City succeeds, it will set a national precedent for holding the world’s largest asset managers accountable.
BlackRock manages more than $13 trillion and controls ten percent of the global stock market. No firm has more power over the direction of private-sector climate action. Yet BlackRock continues to turn a blind eye to climate risk, exposing workers’ pensions to long-term climate and transition risks. AFR has consistently warned that this failure to align investments with climate science threatens financial stability and the retirement security of millions.
Your support fuels our climate finance research, advocacy, and coalition work. It strengthens our ability to pressure public trustees, counter Wall Street’s misinformation campaigns, and demand asset managers treat climate risk as a core fiduciary obligation rather than a public-relations exercise.
Contribute to Americans for Financial Reform and fund the fight to push New York City’s pension funds to move money away from BlackRock and protect workers’ retirement savings now.
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