BlackRock has pulled back on backing shareholder proposals regarding ESG — the trio of environmental, social, and governance concerns.
"BlackRock voted against a record 91% of all shareholder proposals in 2023 proxy season," noted Pensions & Investments. "The 9% of ESG proposals that BlackRock supported this year is down sharply from 2022, when BlackRock's investment stewardship team supported 24% of such proposals, and from 2021, when it supported 43%."
Is it a matter of getting burned in the political crossfire that's developed over ESG? Maybe in part, but even the question is complicated.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
