Congratulations, encouragement, and red cards. BlackRock, the world number one in asset management, has just released a document which lists its votes at general meetings of listed companies in which its funds are shareholders. Votes guided by an analytical grid dictated by the fight against climate change, as well as by social and governance criteria.
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BlackRock, present up to several percentage points of capital in almost all of the largest companies on the planet, says it knows how to say no. Its “governance” team has engaged in dialogue with around 300 of the multinationals most concerned by the subject of carbon emissions (energy, cars, transport, etc.). Balance sheet: in 53 cases, the manager voted against resolutions presented at a general meeting, most often those relating to the appointment or renewal of directors. Enough to put pressure on company management.
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