BlackRock set to vote against more climate resolutions

Argues they are 'prescriptive'

Elliot Gulliver-Needham
clock • 2 min read
BlackRock said that recent proposals by shareholders to prevent climate disaster are not “consistent with our clients’ long-term financial interests”
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BlackRock said that recent proposals by shareholders to prevent climate disaster are not “consistent with our clients’ long-term financial interests”

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 in assets, has built an image as presenting itself as a pioneer for managing climate risk in the industry. However, yesterday the company said in an...

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