BlackRock Backs Fewer ESG Proposals. The Reason Is Surprising.
BlackRock ’s support for shareholder proposals focused on environmental and social issues plummeted for a second consecutive year, even as the number of proposals soared.
The world’s largest asset manager said it supported 26 out of 399, or 7%, of proposals focused on environmental and social considerations. That is down sharply from a year ago, when BlackRock supported 22% of 321 of such measures, and 47% of 172 the year before.
Photo courtesy of Firmbee.com.
Source: Barron's (link opens in a new window)
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