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.
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. We set engagement priorities to focus our work on the issues that we believe can help advance sound governance practices and support a company’s vision and strategy for delivering durable financial returns for long-term investors like our clients.
Our primary focus is on the performance of the board of directors to promote sound corporate governance. The performance of the board is critical to the financial success of the company and the protection of shareholders’ interests.
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 in order to deliver long-term value for their shareholders.
Appropriate and transparent compensation policies are a focus in many of BIS’ engagements with the companies in which we invest on behalf of clients. Investors benefit when companies disclose how they seek to ensure that compensation policies and outcomes are consistent with the financial interests of long-term shareholders.
BIS engages with companies to better understand their approach to, and oversight of, 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.
In our experience, companies are better positioned to deliver long-term shareholder value when they build strong relationships throughout their value chain, including with employees, business partners (such as suppliers and distributors), clients and consumers, regulators, and the communities in which companies operate. We appreciate when companies disclose how they consider the interests of these key stakeholders in their 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 3,690+ engagements with companies during the 2021-22 proxy year
BIS engaged with 2,460+ unique companies across 55 markets during the 2021-22 proxy year
BIS voted at 18,100 shareholder meetings during the 2021-22 proxy year
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.
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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