- BlackRock Inc. has appointed Amin Nasser, the CEO of Saudi Aramco, to its board, highlighting the asset manager's dedication to the oil industry. Nasser, who has been leading the world's largest oil producer since 2015 and played a pivotal role in its public listing, brings valuable insights to BlackRock and its clients, according to an emailed statement by CEO Larry Fink on Monday.
- This appointment holds significance due to the ongoing debate surrounding the role of environmental, social, and governance (ESG) investing in the oil industry. By adding Nasser, who has extensive experience in the sector, BlackRock aims to incorporate a unique perspective on the crucial issues faced by the company and its stakeholders.
Why it matters
This move signals BlackRock's intention to navigate the complex landscape of ESG investing within the oil industry, acknowledging the importance of incorporating diverse viewpoints and expertise into its decision-making process.
