Data, Financials

In Charts: BlackRock, Vanguard drop support for climate and social resolutions

BlackRock headquarters, New York. The asset manager backed around 9 per cent of the proposals it voted on in the 2022-23 voting period. (Photo: Michael Nagle/Bloomberg)

Support for environmental and social shareholder resolutions seems to be waning, with BlackRock and Vanguard backing only 7 per cent and 2 per cent of environmental and social proposals, respectively.

The world’s two largest asset managers have dropped their support for environmental and social shareholder resolutions during the 2023 proxy ...

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