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Sustainable Investing Due Diligence Updates-October 2017

Date: Oct. 30, 2017                                                                        Alert:  MODERATE**

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BlackRock’s head of global stewardship leaves position.


Date: 
Oct. 30, 2017                                                                        Alert:  MODERATE**

Briefing Points – i) Zack Oleksik, who lead and help form BlackRock’s Investor’s Global Stewardship group has left the post; ii) Under Mr. Oleksiuk, the group established BlackRock’s corporate governance guidelines and practices for corporate and individual investors; iii) No replacement for Mr. Oleksiuk has been named.

Affected Funds – BlackRock Impact Funds

Asset Class – IS Equity & US Fixed Income

Structure – Open-end Mutual Funds

Management Company – BlackRock Advisors, LLC (New York, NY)

Alert Level – MODERATE

Type of Concern – Corporate Management Team Change

Recommended Actions – Inquire about team coverage and new hire status.

Date – Oct. 23, 2017

Event – PIMCo appoints new head of ESG portfolio management.

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