{"id":149314,"date":"2025-11-05T17:40:03","date_gmt":"2025-11-05T16:40:03","guid":{"rendered":"https:\/\/gofossilfree.org\/nl\/?p=149314"},"modified":"2025-11-05T17:40:27","modified_gmt":"2025-11-05T16:40:27","slug":"blackrock-breakup-support-at-the-world-pension-summit","status":"publish","type":"post","link":"https:\/\/gofossilfree.org\/nl\/blackrock-breakup-support-at-the-world-pension-summit\/","title":{"rendered":"BlackRock Breakup Support at the World Pension Summit"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Our &#8216;couple therapy sessions&#8217; gave pension fund executives the chance to practice what they know they need to do: break up with BlackRock. Because sometimes you need to say the words out loud before you can actually do it. To support them in their journey, we handed out tissues and <a href=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/Flyer-pension-summit-3.pdf\" target=\"_blank\" rel=\"noopener\">cheat sheets for a clean break<\/a>.<\/span><\/p>\n<h3><b>Why should they break up?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">While American asset manager BlackRock sweet-talks about sustainability, <strong>they invest <\/strong><\/span><strong>over <\/strong><span style=\"font-weight: 400;\"><strong>\u20ac400 billion in fossil fuel investments<\/strong>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unfortunately, that\u2019s not all. <\/span><span style=\"font-weight: 400;\">BlackRock is blocking climate policy. In 2025, it supported only 2% of environmental and social shareholder proposals. They also withdrew from the Net Zero Asset Managers Alliance, leading to the coalition\u2019s suspension. On top of that, BlackRock lobbied strongly against EU due diligence laws<\/span> <span style=\"font-weight: 400;\">that would have required it to conduct its business more responsibly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Climate risks are financial risks<\/strong>. By underestimating and mismanaging climate risks, BlackRock endangers the pension assets that the pension funds are responsible for protecting.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The four largest American asset managers collectively control 11.8% of the Amsterdam stock market. It is unhealthy \u2013 economically, politically and democratically \u2013 that BlackRock manages such a large share of the economy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>BlackRock pursues short-term profits at the expense of everything we hold dear: the climate, nature and human rights.<\/strong> Indeed, classic toxic behaviour\u2026 And pension funds keep falling for it.<\/span><\/p>\n\n\t\t<style type=\"text\/css\">\n\t\t\t#gallery-1 {\n\t\t\t\tmargin: auto;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-item {\n\t\t\t\tfloat: left;\n\t\t\t\tmargin-top: 10px;\n\t\t\t\ttext-align: center;\n\t\t\t\twidth: 33%;\n\t\t\t}\n\t\t\t#gallery-1 img {\n\t\t\t\tborder: 2px solid #cfcfcf;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-caption {\n\t\t\t\tmargin-left: 0;\n\t\t\t}\n\t\t\t\/* see gallery_shortcode() in wp-includes\/media.php *\/\n\t\t<\/style>\n\t\t<div id='gallery-1' class='gallery galleryid-149314 gallery-columns-3 gallery-size-thumbnail'><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903820710_5e2c888293_o-500x500.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" srcset=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903820710_5e2c888293_o-500x500.jpg 500w, https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903820710_5e2c888293_o-600x600.jpg 600w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903766889_15f0f83aba_o-500x500.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" srcset=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903766889_15f0f83aba_o-500x500.jpg 500w, https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903766889_15f0f83aba_o-600x600.jpg 600w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903513631_7400731678_o-500x500.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" srcset=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903513631_7400731678_o-500x500.jpg 500w, https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903513631_7400731678_o-600x600.jpg 600w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/>\n\t\t\t<\/dt><\/dl><br style=\"clear: both\" \/><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903766744_265ed11fe5_o-500x500.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" srcset=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903766744_265ed11fe5_o-500x500.jpg 500w, https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903766744_265ed11fe5_o-600x600.jpg 600w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903820675_2b816f92e8_o-500x500.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" srcset=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903820675_2b816f92e8_o-500x500.jpg 500w, https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903820675_2b816f92e8_o-600x600.jpg 600w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903766459_0a06769fed_o-500x500.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" srcset=\"https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903766459_0a06769fed_o-500x500.jpg 500w, https:\/\/gofossilfree.org\/nl\/wp-content\/uploads\/sites\/14\/2025\/11\/54903766459_0a06769fed_o-600x600.jpg 600w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/>\n\t\t\t<\/dt><\/dl><br style=\"clear: both\" \/>\n\t\t<\/div>\n\n<p style=\"text-align: center;\"><em>Photos: Savannah van den Roovaart<\/em><\/p>\n<h3><b>Time to break the cycle<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">By breaking up with BlackRock and choosing responsible asset managers, pension funds can take power away from BlackRock and empower greener alternatives.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And we know it&#8217;s possible: <strong>Dutch pension giant PFZW has already broken up with BlackRock<\/strong>. If they can do it, the others can do it too.<\/span><\/p>\n<hr \/>\n<h3><b>Read more:<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/gofossilfree.org\/nl\/pfzw-breaks-with-blackrock\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PFZW breaks with BlackRock<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/gofossilfree.org\/nl\/why-its-so-important-that-pfzw-has-cut-ties-with-blackrock\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Why it\u2019s so important that PFZW has cut ties with BlackRock<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/gofossilfree.org\/nl\/pension-funds-break-with-blackrock-now\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Pension funds: break with BlackRock<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-03\/blackrock-dropped-by-pension-fund-pfzw-after-review-nrc-says\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BlackRock Loses $17 Billion Mandate at Dutch Pension Fund<\/span><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>When your partner keeps choosing fossil fuels over your future, it\u2019s time for a serious talk. Today, we brought couples therapy to the doorstep of the World Pension Summit, because sometimes breaking up with a bad partner requires a little support.<\/p>\n","protected":false},"author":415,"featured_media":149327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1803,130],"class_list":["post-149314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-blackrock-en","tag-english"],"acf":[],"_links":{"self":[{"href":"https:\/\/gofossilfree.org\/nl\/wp-json\/wp\/v2\/posts\/149314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gofossilfree.org\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gofossilfree.org\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gofossilfree.org\/nl\/wp-json\/wp\/v2\/users\/415"}],"replies":[{"embeddable":true,"href":"https:\/\/gofossilfree.org\/nl\/wp-json\/wp\/v2\/comments?post=149314"}],"version-history":[{"count":0,"href":"https:\/\/gofossilfree.org\/nl\/wp-json\/wp\/v2\/posts\/149314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gofossilfree.org\/nl\/wp-json\/wp\/v2\/media\/149327"}],"wp:attachment":[{"href":"https:\/\/gofossilfree.org\/nl\/wp-json\/wp\/v2\/media?parent=149314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gofossilfree.org\/nl\/wp-json\/wp\/v2\/categories?post=149314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gofossilfree.org\/nl\/wp-json\/wp\/v2\/tags?post=149314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}