Industry News: ESG

BlackRock, State Street, and Vanguard Block Action On Deforestation In Shareholder Votes, Finds Friends of the Earth

Written by ESG | 28-Sep-2020 1:18:10 PM

2020-09-21

Institutional Asset Manager: The world’s three largest asset managers, BlackRock, Vanguard, and State Street, have either voted against or abstained from voting on all efforts to halt deforestation by shareholders of consumer brands and agribusiness companies since 2012, a new report from environmental advocacy group Friends of the Earth finds.

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