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The report accused New York-based BlackRock and Pennsylvania-based Vanguard of “using their shareholder voting power to shield corporate boards from accountability ... for their failures on climate and their irresponsible lobbying.”
September 18, 2019 at 05:09 PM
1 minute read
senior reporter
Two major investment firms, BlackRock Inc. and The Vanguard Group Inc., strongly defended themselves Wednesday against a report that accused them of “greenwashing” their responses to climate risk.
Majority Action, a California-based corporate governance nonprofit, issued the report Tuesday titled “Climate in the Boardroom: How Asset Manager Voting Shaped Corporate Climate Action in 2019.”
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