BlackRock ups the pressure on Exxon Mobil

BlackRock ups the pressure on Exxon Mobil BlackRock has shown it can get serious with portfolio companies, this week cranking up the pressure on Exxon Mobil by voting against the re-election of several of the company’s leadership team. Citing insufficient progress on sustainable reporting, an inadequate mix of skillsets and an inability to assess material […]

Read More
Consumer groups slam attempt to delay SRD II

Large fund group votes stymying ESG resolutions Some of the world’s largest fund groups voted against nearly 90 per cent of ESG-related shareholder resolutions in 2019, despite overall investor support for these proposals climbing in the past five years, a report by Morningstar reveals. The report, titled ‘Proxy Voting by 50 US Fund Families’, examined […]

Read More
BlackRock step up on climate change

One of the biggest shareholders in the oil and gas industries has stepped up its efforts on environmental issues, with its chief executive calling on companies to do more to combat climate change.   Last week, BlackRock, the world’s largest asset manager, joined influential climate change investor group, Climate Action 100+. The organisation, which represents […]

Read More
BlackRock step up on climate change

A group of investors are urging industry giants BlackRock and JPMorgan to review their proxy voting records amid concerns they don’t match the firms’ public declarations about climate change. Mercy Investment Services and Boston Trust Walden have written to BlackRock and JPMorgan respectively, expressing disappointment that the companies’ voting practices appear inconsistent with their statements […]

Read More