BlackRock eases support for ESG shareholder proposals
supporting shareholder proposals that embrace environmental and social themes, an indication that the GOP pressure campaign against ESG, or environmental, social, and governance regulations, might be making headway.
BlackRock, which is the world’s largest money manager, has been a major promoter of ESG investing. But Republicans have been pushing back against the firm. Now, an annual report revealed that BlackRock supported just 7% of nearly 400 shareholder proposals on environmental and social matters.