BlackRock’s Support for Shareholder Resolutions on ESG Dips to New Lows

Last week, BlackRock Inc. reduced its support for shareholder proposals associated with environmental, social and governance (ESG) issues to 4.1%. The multinational investment company made the announcement in its recent AGM, revealing that most proposals had been declined.

As of June 2024, 493 resolutions had been submitted, which was an increase from the 455 submitted last year. Last year, the company…

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