United Nations Women And Blackrock
An open letter signed by 700-plus feminist groups and activists sent on Aug. 8 to UN Women, protesting a recently announced partnership between the agency and BlackRock, a United States-based hedge fund, resulted in the cancellation of the arrangement.
The letter pointed out that BlackRock personifies “crisis-prone speculation-based capitalism” and that the May 25 joint press releases announcing the partnership by both parties offered no useful or explicit details on what it would accomplish.
Such vagueness, the letter writers contended, could give UN Women the appearance of “pinkwashing” BlackRock, since there was no clear benefit for gender equality stated in the partnership goals.