As You Sow is working to help form a coalition of stakeholders to weigh in on the actual (and rumored) shareholder activism at ExxonMobil to promote capital disciple and address climate change. Please sign…
The resolution requests that the Board of Directors initiate a review assessing BlackRock’s 2020 proxy voting record and evaluate the Company’s proxy voting policies and guiding criteria related to climate change, including any recommended future changes. Co-filers are welcome.
BlackRock’s voting practices appear inconsistent with its statements about climate change to companies. This contradiction poses reputational risk for the company with both clients and investors. Moreover, proxy voting practices that ignore climate change seem to ignore significant company-specific and economy-wide risks associated with negative impacts of climate change.