Large asset managers 'block progress' on ESG issues in 2022

ShareAction report

Kathleen Gallagher
clock • 2 min read

A report released today (17 January) from ShareAction has accused large asset managers of “blocking progress” on ESG issues and reveals how they voted on shareholder resolutions in 2022.

The fourth edition of ShareAction's Voting Matters report looks at how 68 asset managers voted on 252 ESG shareholder resolutions. It found that 49 additional resolutions around ESG issues would have won majority support if BlackRock, Vanguard and State Street had voted for them. These issues include securing paid sick leave for TJX department stores; disclosures from Amazon on how it is protecting employee freedom of association; and encouraging energy companies to set targets for greenhouse gas emissions. ESG drives bulk of flows into European ETFs and ETCs in 2022 Claudia Gr...

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