BlackRock’s Landmark Move on Proxy Votes Fuels a Big ESG Debate
- Giant money manager says it is handing more power to investors
- Research suggests ESG divestment has only tiny impact
Photographer: Per-Anders Pettersson/Getty Images
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A BlackRock Inc. decision to give some of its biggest clients more power to vote at shareholder meetings just added a new twist to the raging debate at the heart of ESG investing.