Finance
BlackRock to Press Companies on Human Rights and Nature
- Asset manager to ask companies about communities, forests
- BlackRock says it may vote against directors who fail to act
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BlackRock Inc., the money manager that’s made bold statements about climate change, now plans to press companies about their policies related to human rights, as well as biodiversity, deforestation and water.
The world’s largest asset manager said it will ask companies in which it holds stakes to identify and show how they intend to prevent human rights abuses, and provide “robust” disclosures about those practices. BlackRock also will request that businesses show how they have adopted sustainable practices regarding air, water, land, minerals and forests, according to a stewardship report released Thursday.