Market Chatter: BlackRock Cuts Support for Some ESG Shareholder Proposals-February 2024-www.financetom.com

Market Chatter: BlackRock Cuts Support for Some ESG Shareholder Proposals

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Market Chatter: BlackRock Cuts Support for Some ESG Shareholder Proposals

Aug 21, 2024 7:44 PM

10:47 AM EDT, 08/21/2024 (MT Newswires) -- BlackRock ( BLK ) trimmed its support for shareholder proposals tied to environmental, social and governance, or ESG, issues in the most recent annual general meeting season, Reuters reported Wednesday, citing a report on the asset manager's global voting record.

The company backed just 4% of ESG proposals, which increased to 493 from 455 in 2023, when BlackRock ( BLK ) supported 6.7% of such proposals, Reuters reported, citing the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 859.40, Change: -1.57, Percent Change: -0.18

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