BlackRock plans to wield vote against firms on human rights and climate
Environmental group welcomes plans of world’s largest asset manager, but says they didn’t go far enough
New York — BlackRock, the money manager that’s made bold statements about climate change, now plans to press companies about their policies related to human rights, as well as biodiversity, deforestation and water.
The world’s largest asset manager said it will ask companies in which it holds stakes to identify and show how they intend to prevent human rights abuses, and provide “robust” disclosures about those policies. BlackRock also will request that businesses show how they have adopted sustainable policies regarding air, water, land, minerals and forests, according to a stewardship report released on Thursday...
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