BlackRock adopts building trade group’s responsible contractor policy
Efforts to connect building trades pension fund assets and union jobs got a major boost with BlackRock's adoption of the responsible contractor policy promoted by North America's Building Trades Unions. The action announced Thursday is significant not only because of BlackRock's size, with $6.5 trillion in assets under management, but also because it is being applied to all assets and companies managed by the BlackRock Real Assets U.S. platform, with $17 billion managed in U.S. real estate and infrastructure [...]