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Money Managers Could Support Shareholder-Led ESG Proposals


Money Managers Could Support Shareholder-Led ESG Proposals
Money managers are in a position to push companies to adopt more socially responsible business practices.
For example, BlackRock, the world’s largest asset manager, is using its influence to affect policies of companies it invests in, increasing support for shareholder-led environmental, social, and governance proposals, along with issuing a number of criticisms of public companies, the Wall Street Journal reports.
BlackRock votes on behalf of its investors for many of the funds it manages. Among the the 170 ESG shareholder proposals it voted on for the first half of the proxy year, BlackRock has supported 91% of environmental proposals, 23% of social proposals, and 26% of corporate-governance proposals. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20130404:16:43:00

Jenna: we are keeping an eye on the growing battle in massachusetts where the city of concorde is implementing a municipal ban on all bottled water sales. critics are calling it just another example of the united states run amok. rich fields joins us with more. what is the deal here? welcome you can buy soda and sparkling water, but you cannot buy smaller bottles of water. when you do buy a bottle of water, the town voted to hide the sale of it. basically you are depriving people of their consumer choice. it is only hurting the local markets, as you can just leave town with consumption numbers, it s a popular product. they also talk about depriving consumers of the health benefits as well. do we really think that we ....

Bottled Water Sales , Battle In Massachusetts , United States , Rich Fields , Consumer Choice , Consumption Numbers , Health Benefits ,