BlackRock's Q1 2021 Global Quarterly Investment Stewardship report discloses engagement and voting statistics globally and by region, with the US featured in number of engagement case studies across BlackRock's various investment stewardship priorities.
Globally, BlackRock voted against one or more management recommendations at 35% of its 2,633 total meetings voted January 1 through March 31, 2021, and against 53 directors and 47 companies for climate-related concerns during that same time frame compared to 64 directors at 69 companies in the full calendar year 2020.
Looking at the Americas specifically, BlackRock voted for 33% of “Social” shareholder proposals and 34% of “Governance” shareholder proposals from January 1 – March 31, 2021, compared to 13% and 26%, respectively, for the period January 1 to March 31, 2020, and “for” 87% of management director-related proposals this year compared to 89% for the same three-month period last year. The report also includes regional engagement statistics. The Q1 voting history can be accessed by company here.
See “BlackRock uses its voting power to support environmental and social issues” (Cooley), last week’s report: “Stats Show Surge in BlackRock’s Support for ESG Proposals,” and additional information and resources on our Institutional Investors page.
This post first appeared in the weekly Society Alert!