SEC: US-Börsenaufsicht warnt Wall-Street-Firmen vor zu viel Klima-Aktivismus
In einem Bericht warnt die SEC Blackrock, Vanguard und State Street, dass sie ihren Status als passive Anleger gefährden könnten. Hintergrund war der Austausch mit einer Klimaschutz-Gruppe.
The US Securities and Exchange Commission (SEC) has warned major asset managers BlackRock, Vanguard, and State Street against excessive climate activism. Nonetheless, the regulator cautioned the industry in a research report published on Wednesday that coordinated actions by investors could jeopardize their status as passive investors, potentially leading to more stringent and costly reporting requirements.
The controversy stems from the actions of these fund companies in the run-up to ExxonMobil's annual shareholder meeting in 2021. BlackRock, Vanguard, and State Street had successfully backed some oppositional directors proposed by the activist hedge fund Engine No. 1, which argued that Exxon should focus more on the energy transition.
The influential investor initiative Climate Action 100+ (CA100+), which the asset managers were in contact with, also supported the push. The fund companies declined to comment on the report. Exxon's success in mobilizing activist investors sparked a fierce backlash from Republican politicians. President Donald Trump also issued regulations in 2025, intended to strip companies of the obligation to consider environmental, social, and governance (ESG) criteria.
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