BlackRock Investment Stewardship

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.

Pursuing durable long-term value

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.

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Engaging
How we build our understanding of a company’s approach to corporate governance and business risks and opportunities.
Direction
Proxy voting
How we signal our support for or raise our concerns over a company’s corporate governance or business model.
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Responsible leadership
How we contribute to the advancement of corporate governance standards that help make the financial system more resilient, sustainable, and equitable.
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Stewardship statistics
How we provide insight and transparency into the actions we are taking on behalf of clients on a quarterly basis.

Global reach with local expertise

investment stewardship

Our team spans the globe, assembling one of the largest, most diverse, and skilled investment stewardship teams in the industry.

Promoting sound corporate governance and business models

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.

    Learn more about our approach

  • 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.

    Learn more about our approach

  • 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.

    Learn more about our approach

  • 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.

    See more on climate risk

    Read more on natural capital

    Our Climate Focus Universe

    Our participation in Climate Action 100+

  • 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.

    See more on human capital management

    Read more on human rights

Stewardship efforts at a glance

3,690
engagements

BIS had 3,690+ engagements with companies during the 2021-22 proxy year

2,460
companies engaged

BIS engaged with 2,460+ unique companies across 55 markets during the 2021-22 proxy year

18,100
shareholder meetings

BIS voted at 18,100 shareholder meetings during the 2021-22 proxy year

173,000
proposals voted

Out of the 173,000+ proposals BIS voted on during the 2021-22 proxy year, less than 1% were shareholder proposals.

BlackRock, Institutional Shareholder Services (ISS). Sourced on July 11, 2022, reflecting data from July 1, 2021 through June 30, 2022.

BIS content library

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.

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Our approach to data privacy and security

Shareholder proposals in 2022

Our approach to engagement with the palm oil industry

Our Response to the Securities and Exchange Board of India Consultation Paper on Environmental, Social, Governance (ESG) Rating Providers for Securities Markets

Our response to the SGX’s consultation paper on “Starting with a Common Set of Core ESG Metrics”

Our response to the SGX’s consultation paper on “Climate and Diversity: The Way Forward”

Consultation Paper on the Guidelines for Content and Format of Information Disclosures by Companies Offering Securities to the Public

Our Response to Proposed Draft Amendments to Regulations Governing the Acquisition and Disposal of Assets by Public Companies

Our response to the HKEX's consultation paper on “Proposed Amendments to Listing Rules relating to Share Schemes of Listed Issuers”

Our Response to the FCA Consultation Paper CP21/24: : Diversity and inclusion on company boards and executive committees

Our Response to the CSRC Consultation Paper on the Guidelines for Content and Format of Information Disclosures by Companies Offering Securities to the Public

Our Response to the HKEX's Consultation on Corporate Governance Code and Related Listing Rules

Our Response to the Taskforce on Scaling Voluntary Carbon Markets (TSVCM) Phase II

Our Response to the SEC Request for Input on Climate Change Disclosure

Our Response to the HKEX’s Consultation Paper on Listing Regime for Overseas Issuers

Our Response to the Consultation on the Proposed Revisions of Japan's Corporate Governance Code and Guidelines for Investor and Company Engagement

Our Response to the Technical Scope of the Taskforce on Nature-related Financial Disclosures (TNFD) Consultation

Our Response to the Securities and Exchange Board of India Consultation Paper on the Review of Regulatory Provisions Related to Independent Directors

Our Response to the CSRC Consultation Paper on Revising the Guidelines for Investor Relations Management by Listed Companies

Our Response to the IFRS Foundation's Consultation on Sustainability Reporting

Our Response to the Securities and Exchange Board of India Consultation on Business Responsibility and Sustainability Reporting Formats

Our Response to the HKEX Consultation on Corporate Weighted Voting Rights

Our Response to the Japan Stewardship Code Consultation

Our Response to the Consultation on the Revision of the TWSE Stewardship Principles for Institutional Investors

Our Response to APRA on Strengthening Prudential Requirements for Remuneration

Consultation to Securities and Exchange Board of India on Issues Related to Proxy Advisors

Our Response to the HKEX Consultation on ESG Disclosure

Consultation Paper on the Issuance of Shares with Differential Voting Rights - SEBI

Our Response to the CSRC Consultation on the Revised Code of Corporate Governance

BlackRock Investment Stewardship’s perspective on corporate political activities 

Best practices when using an independent fiduciary in proxy voting

Sustainability Reporting: Convergence to Accelerate Progress

Our approach to engagement on board quality and effectiveness

Climate risk and the global energy transition

Our Approach to Engagement on Natural Capital

Our Climate Focus Universe

Incentives Aligned with Value Creation

Our Approach to Engagement on Human Capital Management

Our Approach to Engagement with Companies on their Human Rights Impacts

BIS Engagement Priorities Mapped to the UN Sustainable Development Goals (SDGs)

Our Approach to Engagement on Strategy, Purpose, and Financial Resilience 

Securities Lending Viewed through the Sustainability Lens

Sustainability Reporting: Convergence to Accelerate Progress

Best Practices When Using an Independent Fiduciary in Proxy Voting

BlackRock’s Approach to Companies that Manufacture and Distribute Civilian Firearms

Key Considerations in the Debate on Differentiated Voting Rights

The Investment Stewardship Ecosystem Viewpoint

SEC Amendments to Exemptions from the Proxy Rules for Proxy Voting Advice (File No. S7-22-19) and Procedural Requirements and Resubmission Thresholds under Exchange Act Rule 14a-8 (File No. S7-23-19)

BlackRock Investment Stewardship – Executive Remuneration

SEC Staff Roundtable on the Proxy Process; File No. 4-725

Comment letter on the SEC's proposed rule amendments "Proxy Voting Advice"

SEC Comment Letter - Staff Roundtable on the Proxy Process

To request an engagement please submit a request through CorpAxe

For all other inquiries please contact the team at ContactStewardship@blackrock.com