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BlackRock reports hard line on climate, but keeps oil giants on a long leash

The head of BlackRock in Continental Europe, Christian Hyldahl, says that the asset manager trusts the leaders at Shell and Exxon to handle highly criticized activities.

Last week, Christian Hyldahl was promoted sole head of Continental Europe at BlackRock. | Photo: Stine Bidstrup/JP

Climate change and the environment is now the main reason that BlackRock engages with private equity firms, Managing Director, Head of Continental Europe & Head of Nordics at BlackRock Christian Hyldahl tells Danish financial media Finans after the release of a report on BlackRock's active management.

BlackRock has had dialogs with 2,330 companies about climate and the environment, just edging out the number of dialogs about more traditional active management themes such as board configuration and company strategy.

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