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BlackRock cautions against rushing green transition

The global asset manager fears potential social unrest arising from a rushed transition from fossil fuels to green energy sources.

Christian Hyldahl, Managing Director and Head of Continental Europe at BlackRock, says that his and BlackRock. | Photo: PR/Blackrock

US-based asset manager BlackRock's European division, which handles assets worth DKK 8,550bn (EUR 1,190bn) and has to strike a delicate balance between making green investments and considering customers' returns, fears potential social unrest arising from a rushed transition to green energy sources, writes Danish business daily Berlingske Business.

There are several new parameters on which to judge the corporate sector. Today, companies are being evaluated in terms of sustainability, equality and many other standards.

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