Financial Sector Practices
Withdrawn: 2021 letter called for companies to create goals of being compatible with net-zero greenhouse gas emissions by 2050 and warned that voting against management and board directors could be consequences for non-responsive companies. Also released its 2021 Stewardship Expectations document.
Resolution Text:
Proposal requesting that the Board of Directors initiate a review assessing BlackRock’s 2020 proxy voting record and evaluate the company’s proxy voting policies and guiding criteria related to climate change, including any recommended future changes. A summary report on this review and its findings shall be made available to shareholders and be prepared at reasonable cost, omitting proprietary information.