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A decision to back Paris accord-aligned emissions goals is significant because many investors follow its voting recommendations closely during proxy voting season.
A campaign to repeat the success of activists last year at Exxon will face headwinds at Chevron.
BlackRock has pledged to build and launch the investment industry's "most sophisticated" tools and advice to help clients align portfolios with net-zero by 2050 or sooner in the coming months.
The New York-based asset manager voted against 255 directors in the period ended June 30, up from 55 a year earlier, according to a stewardship report released Tuesday. It also failed to support the management of 319 companies for climate-related reasons, compared with 53 in 2020.Overall, BlackRock said it supported 35% of 843 shareholder proposals that it voted on in the recent proxy season, up from 17% in the previous year. Of those, it backed about two thirds of the environmental resolutions, and about a third of the social and governance proposals, according to the report. Last year, Blac...
Associated Press The killing of George Floyd in Minneapolis seems to have hastened progress in diversifying corporate boards, some analysts have reported, with the number of Blacks being appointed showing a leap in 2020 over the previous year. Previous Next Monday, June 14, 2021 1:00 am Boards diversify faster after Floyd ALEXANDRA OLSON and STAN CHOE | Associated Press NEW YORK – Many U.S. companies have rushed to appoint Black members to their boards of directors since racial justice protests swept the country last year. But in the two preceding years, progress on...