INSIGHTS & VIEWS
INVESTMENT INSIGHTS
Our thought leadership in investing, risk management, portfolio construction and trading solutions.
Investment Stewardship is central to BlackRock’s fiduciary responsibility to our clients to advance their long-term economic interests. We do this through engaging with the companies our clients are invested in, voting proxies for those clients who have given us authority, and promoting sound governance and responsible leadership as an informed, engaged shareholder. We believe that companies that take into consideration environmental, social, and governance (ESG) risks and opportunities are better positioned to deliver long-term value. At the same time, our clients are looking at how companies respond to global challenges to guide their investment decisions. Strong leadership and responsiveness will be key to delivering value for shareholders in the face of near-term business challenges and longer-term shifts in society.
Our team spans the globe, assembling one of the largest, most diverse, and skilled investment stewardship teams in the industry.
Engagement is core to our stewardship efforts. Each year, we set engagement priorities to focus our work on the issues we believe advance sound governance practices and supports a company’s vision and strategy for delivering durable long-term returns for our clients.
We believe there are certain fundamental elements of governance practice that are intrinsic globally to a company’s ability to create long-term value. One of these is a high caliber, effective board responsible for overseeing and advising management and accountable to shareholders.
BlackRock is not in the position to dictate a company’s strategy or its implementation. We engage on long-term corporate strategy, purpose and financial resilience to understand how companies are aligning their business decision-making with their purpose and adjusting their strategy and/or capital allocation plans to address the risks and opportunities of their operations to deliver long-term value for their shareholders.
Appropriate and transparent compensation policies are a focus in many of BIS’ engagements with companies we invest in on behalf of clients. We believe companies benefit from disclosing how they seek to ensure that compensation policies and outcomes are consistent with the economic interests of long-term shareholders.
BIS engages with companies to better understand their approach to, and oversight of, climate risk as well as the natural capital that underpins their company strategy. We view the efficient management of natural capital as core to long-term corporate strategy and look for companies to help investors understand how they may be impacted by climate-related risks and opportunities.
In our experience, companies that build strong relationships with their stakeholders are more likely to meet their own strategic objectives. This is why we appreciate when companies disclose how they consider the interests of their workforce in business decision-making and how they implement processes to identify, manage, and prevent adverse human rights impacts that could expose them to material risks.
BIS had 3,600+ engagements with companies during the 2020-21 proxy year.
BIS engaged with 2,300+ unique companies across 55 markets during the 2020-21 proxy year.
BIS voted at 17,000+ shareholder meetings during the 2020-21 proxy year.
Out of the 165,000+ proposals BIS voted on during the 2020-21 proxy year, less than 1% were shareholder proposals.
BlackRock, Institutional Shareholder Services (ISS). Data as of July 8, 2021. Sourced on July 8, 2021, reflecting data July 1, 2020 through June 30, 2021.
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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