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BlackRock's Latest Climate Instructions Come With a New Threat

The world’s largest shareholder said it could vote against company directors that fail to provide credible climate plans

BlackRock Inc. headquarters in New York.

BlackRock Inc. headquarters in New York.

Photographer: Jeenah Moon/Bloomberg
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BlackRock Inc. gave company directors more specifics on what it’s looking for in their plans to slow global warming, warning that it could vote against those who don't meet its standards.

The world’s largest shareholder published a five-page document on Wednesday laying out its expectations for how companies should address climate risk. It’s the first look at the details following Chief Executive Officer Larry Fink’s letter in January calling on firms to align with global efforts to reach net-zero greenhouse gas emissions by 2050.