Shactivism

Shareholder activism has long been a strategy of the responsible and sustainable investment movement. But when BlackRock adopts this approach, as the world’s biggest investor ($7.43 trillion assets under management), you know that the game has changed. In their recent investment stewardship report, they disclose how they have voted to replace directors or support shareholder ESG proposals for 53 companies (with a combined market cap of $669 billion) and placed another 191 on notice for action in 2021 if they do not make substantial progress. Blackrock’s environmental ‘shactivism’ (including on climate change) went up 289% in the past year.

— Wayne Visser

From Purpose Inspired: Reflections on Conscious Living, Volume 3. Buy on Lulu ↗