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BlackRock, LGIM and Amundi among asset managers accused of greenwashing passive funds

BlackRock headquarters in New York
Reclaim Finance says BlackRock’s ACS World ESG Equity Tracker Fund has $499mn in fossil fuel developers, including ExxonMobil, Shell and Chevron (Photo: Michael Nagle/Bloomberg)

Non-profit Reclaim Finance has analysed 430 passive funds that carried sustainability claims

Campaign group Reclaim Finance has accused five of the biggest asset managers in the US and Europe of greenwashing their passive funds.

The non-profit analysed 430 passive funds managed by BlackRock, Legal & General ...

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