“BlackRock, Vanguard, and State Street turned against environmental and social proposals this year, a clear sign of backlash”
October 31, 2023
“…The most surprising finding is how thoroughly the “Big 3” investors—BlackRock, Vanguard and State Street—turned against environmental and social shareholder proposals in the past year. In the U.S., BlackRock’s support for E&S proposals dropped from 41.3% in the 2020-21 season, to 23.7% in 2021-22, to a mere 8.7% in 2022-23. Vanguard’s drop was equally precipitous, from 29.6% to 12% to a tiny 3% in the past year. And State Street went from 43.7% to 28.6% to 21.2%. Clear signs of the backlash…”
https://finance.yahoo.com/news/blackrock-vanguard-state-street-turned-082546552.html
Say no to ESG’s. This is good news.