BlackRock to vote against more climate resolutions

Asset manager speaks on 'overly prescriptive or constraining proposals'

Elliot Gulliver-Needham
clock • 1 min read
BlackRock to vote against more climate resolutions

BlackRock has said that it plans to pivot away from supporting shareholder resolutions to prevent climate change this year, arguing that they have become too “prescriptive”.

The world's largest asset manager, with about $10trn (£8trn) in assets, has built an image as presenting itself as a pioneer for managing climate risk in the industry. However, yesterday the compan...

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