Maryland’s economy is facing complex challenges. To name a couple, our federal workforce has faced a significant reduction since the start of the year, and climate change is straining our environmental resources.
That’s why, on August 15th, I joined a coalition of state leaders from around the country to demand that BlackRock and other asset managers actively monitor all long-term investment risk, including climate change and supply chain operations. Our letter is a response to the State Financial Officers Foundation’s letter urging executives to abandon their oversight of these global trends.
You can read more about our letter and what abandoning oversight of long-term global trends means for our retirement savings, but I’m writing today to let you know that I’m doing everything I can to stand up for Maryland’s workers and retirees.
Protecting retirement savings starts with ongoing and active oversight of potential threats. I know you’re counting on us, and it’s my priority to stand up for our retirees.
I’m dedicated to advocating for our workers and their families, and that’s why I’m leading the effort to remind executives of our fiduciary responsibility to the people we serve.
My very best,
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