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Dimensional Fund Advisors

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2020

    Report alleges US financial firms funded Amazon-linked abuses

    Issue disclosure

    A report by Amazon Watch and the Association of Brazil's Indigenous Peoples alleged that six US financial firms invested more than US$18 billion over three years in companies involved in abuses in the Amazon, including environmental destruction and indigenous rights violations. The report named BlackRock, Citigroup, JPMorgan Chase, Vanguard, Bank of America and Dimensional Fund Advisors; BlackRock said it engages with companies on ESG risks and takes voting action when needed.

    Company response

    • Denial — BlackRock

      Financial firms investing in them also denied wrongdoing.

    • Clarification — BlackRock

      We engage with companies on these and other ESG (environmental, social and governance) risks, and where they are not being appropriately managed or progress is not sufficient, we (as shareholders) take voting action against management

    Source excerpt

    • Financial firms investing in them also denied wrongdoing.
    • We engage with companies on these and other ESG (environmental, social and governance) risks, and where they are not being appropriately managed or progress is not sufficient, we (as shareholders) take voting action against management
    • Major US financial firms are helping fund environmental destruction and indigenous rights abuses in the Amazon with billions of dollars in investments in questionable companies, according to a report published on Tuesday.
    Source