Five Democratic U.S. senators on Thursday asked BlackRock Inc to justify why it rarely supported shareholder resolutions tied to climate change issues despite its increased focus on the environment this year.
to justify why it rarely supported shareholder resolutions tied to climate change issues despite its increased focus on the environment this year.
BlackRock representatives did not immediately comment. Its CEO Larry Fink in January had vowed to press companies to do more to combat climate change, underscoring the shifting moods of clients and reflecting new money pouring into sustainable investing strategies. Climate matters are likely to be an area of new focus for Democrats should they retake either the White House or the U.S. Senate in November elections.
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