BlackRock Voting Choice
We are committed to a future where every investor - across investment vehicles and client types - can have the option to participate in the proxy voting process if they choose.
BlackRock's Investment Stewardship team is core to BlackRock's role as a fiduciary and asset manager. As stewards of our clients' assets, we are committed to constructive, long-term-focused engagement with the companies our clients are invested in.
BlackRock Investment Stewardship (BIS) serves as a link between our clients and the companies they invest in and is one of the ways we fulfill our fiduciary responsibilities as an asset manager to our clients. We do this through engaging with companies, proxy voting on clients’ behalf, contributing to industry dialogue on stewardship, and reporting on our activities.
Promoting sound corporate governance and resilient business models
Engagement is core to our stewardship efforts. Our engagement priorities reflect the five themes on which we most frequently engage companies, where they are relevant and a source of material business risk or opportunity.
Our investment stewardship efforts have always started with the board and executive leadership. The performance of the board is critical to the long-term financial success of a company and the protection of shareholders’ economic interests.
We engage on long-term corporate strategy, purpose and financial resilience to understand how boards and management are aligning their business decision-making with the company’s purpose and adjusting strategy and/or capital allocation plans as necessary as business dynamics change.
Financial resilience in a new economic regime
Executive compensation is an important tool to drive long-term financial value creation by incentivizing and rewarding the successful delivery of strategy goals and financial outperformance against peers. In our view, it is important for companies to make clear in their disclosures the connection between compensation policies and outcomes and the financial interests of long-term shareholders.
BIS engages with companies to better understand their approach to, and oversight of, material climate-related risks and opportunities as well as how they manage material natural capital impacts and dependencies, in the context of their business model and sector.
Read more on climate-related risk
2020: Our participation in Climate Action 100+
2024: BlackRock International participation in Climate Action 100+
In our experience, companies that invest in the relationships that are critical to their ability to meet their strategic objectives are more likely to deliver durable, long-term financial performance. By contrast, poor relationships may create adverse impacts that could expose companies to legal, regulatory, operational, and reputational risks.
BIS had 3,500+ engagements with companies during the 2023-24 proxy year
BIS engaged with 2,400+ unique companies across 47 markets during the 2023-24 proxy year
BIS voted at 18,000+ shareholder meetings during the 2023-24 proxy year
Out of the 169,200+ proposals BIS voted on during the 2023-24 proxy year, less than 1% were shareholder proposals
Source: BlackRock. ISS. Sourced on August 5, 2024, reflecting data from July 1, 2023, through June 30, 2024.
We are committed to a future where every investor - across investment vehicles and client types - can have the option to participate in the proxy voting process if they choose.
We are committed to transparency in our investment stewardship activities. It is important to us that our clients understand how the work we do on their behalf aligns with their economic interests. Below is a library of our policies, reports, thought leadership pieces, and vote bulletins.
To request an engagement please submit a request through CorpAxe
For all other inquiries please contact the team at ContactStewardship@blackrock.com
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