SEC drops BlackRock, State Street probe but warns on climate group participation
ESG Today · 2026-10-08
The SEC will not pursue enforcement against BlackRock, State Street and others over Climate Action 100+, but warned that coordinated engagement could make large passive investors a 'group' holding over 5%, costing them simpler Schedule 13G filing status. A likely chill on collective climate stewardship.
Vocabulary
Read source ↗- enforcement actionsteps a regulator takes against rule breakers
- coordinated engagementinvestors jointly pressing companies on issues
- proxy advisory firmsfirms advising investors how to vote at AGMs