BlackRock sets out strong stance on sustainability, governance
Asset manager will engage with firms more intensely and hold directors accountable on issues such as climate risk
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Genevieve Cua
Singapore
BLACKROCK, the world's largest asset manager, has issued an update of its global principles and voting guidelines for 2021, taking its strongest stance yet on sustainability and governance.
The firm, which manages around US$7.8 trillion in assets, will engage with companies more intensely. It will also hold directors accountable by voting against their re-election "where it believes companies are not moving with sufficient speed and urgency" on issues such as climate risk.
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