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BlackRock's landmark move on proxy votes fuels big ESG debate

A BlackRock decision to give some of its biggest clients more power to vote at shareholder meetings just added a new twist to the raging debate at the heart of ESG investing.
Photo: BRENDAN MCDERMID/REUTERS / X90143
Photo: BRENDAN MCDERMID/REUTERS / X90143
By Tasneem Hanfi Brögger and Sam Potter, bloomberg

The world's largest asset manager revealed on Thursday that from next year, some institutional clients will be able to play a bigger role in shareholder votes. The move will apply to about 40 percent of USD 4.8trn in index equity assets that BlackRock manages.

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