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BlackRock Voted Against 255 Directors for Climate Issues

  • The firm supported a higher number of diversity proposals
  • And it also backed resolutions for greater board independence
Updated on

BlackRock Inc. rejected almost five times more board directors at companies, including Berkshire Hathaway Inc. and Exxon Mobil Corp., during the recent proxy season because they failed to act on climate issues.

The New York-based asset manager voted against 255 directors in the period ended June 30, up from 55 a year earlier, according to a stewardship report released Tuesday. It also failed to support the management of 319 companies for climate-related reasons, compared with 53 in 2020.