BlackRock's Climate and Social Resolutions Support Plummets

BlackRock, the world's largest asset manager, has seen a significant decline in its support for climate and social resolutions, according to a report by ShareAction. The report reveals that BlackRock supported only 10% of climate-related resolutions and 8% of social resolutions in 2020, compared to 23% and 16% respectively in 2019. This decline raises concerns about BlackRock's commitment to addressing environmental and social issues through shareholder activism, especially as the company has positioned itself as a leader in ESG investing.