AMWatch

BlackRock's landmark move on proxy votes fuels big ESG debate

A BlackRock decision to give some of its biggest clients more power to vote at shareholder meetings just added a new twist to the raging debate at the heart of ESG investing.

Photo: BRENDAN MCDERMID/REUTERS / X90143

The world's largest asset manager revealed on Thursday that from next year, some institutional clients will be able to play a bigger role in shareholder votes. The move will apply to about 40 percent of USD 4.8tn in index equity assets that BlackRock manages.

The decision to give index investors more influence comes as the firm predicts a "vast reallocation" of capital into environmental, social and governance strategies. But amid the boom, there remain big questions over what constitutes an effective ESG approach. 

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and to hear about their career experiences. 

Further reading

Related articles

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch