Staff diversity and sustainability targets directly influencing borrowing costs.
The money manager and its lenders tied costs around a $4.4 billion credit facility to BlackRock’s diversity and sustainability goals.
Big drive towards a sustainable future underpinned by favourable investment conditions.
"Blackrock’s progress on growing assets in funds focused on companies with high environmental, social and governance ratings will also impact its lending costs. The firm aims to grow the roughly $200 billion it manages in so-called sustainable strategies to $1 trillion by 2030."
https://www.wsj.com/articles/blackrock-must-hit-esg-targets-or-pay-more-to-borrow-money-11617769833
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