BlackRock Inc. shocked Wall Street in January when CEO Larry Fink announced that the wealth mammoth was overhauling its investment strategy and putting sustainability at its core.
But the challenges of that commitment have plagued the money manager ever since. It was evident during the firm's annual meeting yesterday, when environmentalists pushed Fink to back his green rhetoric with even greener investments.
Among the issues raised during the virtual gathering was a sustainability-related shareholder proposal filed by As You Sow, a shareholder advocacy group. BlackRock investors overwhelmingly opposed the measure — only 3% of shares were cast in its favor. Read Full Article - E&E News, May 22, 2020