Shareholder activism is on the rise, but companies are fighting back – CNN

VEA Vice Chair Nell Minow is quoted in a CNN story about shareholder activism and the way corporate executives are pushing back, including the fake front groups ACCF and Main Street Investors Coalition. Leveraging shareholder votes for environmental and social ends isn’t new, but such resolutions have been on the rise in recent years. Shareholders…

BlackRock joins with Wespath to widen its low-carbon strategy | Financial Times

BlackRock has teamed up with a US client to explore fresh ways to invest in the low-carbon economy as fund management groups hunt for opportunities that arise from the shift to sustainable energy use.<P><P>The world’s largest asset manager with $6.3tn of assets, and Wespath Benefits and Investments, which manages $23bn on behalf of the United…

Shareholders Bring Gun Safety Issues to the Boardroom

The post-Parkland move to bring the United States to the sensible gun safety rules adopted by other countries has now moved from protests and politics to where the money is, the corporate executives and directors who run the companies that manufacture and sell guns and determine the millions of dollars the NRA spends on political…

How Long-Term Investors Influence Corporate Behavior

Annotated opening paragraphs of an article on the impact of long-term investors in the MITSloan journal: In his recent letter to CEOs, Larry Fink, CEO and chairman of the mutual fund giant BlackRock Inc., based in New York City, repeated his call for organizations to share their strategies for creating sustainable value. He also added…

BlackRock turns up the pressure on gun makers – Mar. 2, 2018

BlackRock, calling the issue of gun manufacture and sales one of “tremendous urgency,” is engaging with its portfolio companies: It said it has already had “constructive discussions” with some of the companies. It plans to ask gun makers how they’ll deal with the reputation and legal risks associated with manufacturing civilian firearms, and if they…

BlackRock Wields Its $6 Trillion Club to Combat Climate Risks – Bloomberg

BlackRock Inc., the world’s biggest asset manager, is telling companies that now is the time to start reporting clear information on climate risk to their businesses.The firm, which oversees almost $6 trillion in assets, sent letters from its corporate-governance team to about 120 companies this week, urging them to report climate dangers in line with…