The CEO of the country's biggest investment firm says he wants to use his company's influence to confront the climate crisis -- but so far the company hasn't put its money where its mouth is. Tell BlackRock: Stand up for climate action. ADD YOUR NAME:
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Anonymous,

BlackRock Inc. is the largest investment management firm in the world. For most publicly traded U.S. companies, BlackRock is one of the largest shareholders.

Which means that if BlackRock wants to move corporate America toward action on climate change, it can. If you listen to BlackRock's CEO, that's exactly what the company wants to do. But its actions tell a different story.[1]

BlackRock needs to start putting its money where its mouth is. Tell BlackRock: Stand up for our climate.
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If you're a shareholder in a publicly traded company, you have the right to propose and vote on resolutions -- which can be a valuable tool to persuade corporations to shift away from practices that harm our climate.

And if you're BlackRock, managing a staggering $7.43 trillion in assets, you have a bigger say than almost anybody else when those resolutions come up for a vote.[2]

You'd think BlackRock would use that power to hold companies accountable for harmful practices -- especially since its CEO has been vocal in encouraging companies to reduce their carbon footprints.[3]

But BlackRock's actual record is abysmal. The company has voted repeatedly to let companies off the hook for harming the climate, supporting less than 12 percent of shareholder resolutions on climate change in 2019.[4]

Tell BlackRock to be a voice for climate action.
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If we hope to avoid climate catastrophe, we need to attack the crisis from all sides. It's not enough just to win policies to expand clean energy and cut emissions -- we need to lead a shift away from the business practices that are making the crisis worse.

BlackRock can be a huge ally in this -- if its actions measure up to its leadership's words. Tell BlackRock to put its money where its mouth is.
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Thank you,

Hannah Collazo
State Director

P.S. Our work to defend the environment can't stop and won't stop in the face of the coronavirus pandemic. We'll keep advocating on your behalf -- at a safe social distance -- for clean air, clean water, clean energy, wildlife and open spaces, and a livable climate.

1. "BlackRock Puts Climate Change Center Stage," The New York Times, January 14, 2020.
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2. "BlackRock beats profit estimates as assets swell to record $7.43 trillion," CNBC, January 15, 2020.
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3. Andrew Ross Sorkin, "BlackRock C.E.O. Larry Fink: Climate Crisis Will Reshape Finance," The New York Times, January 14, 2020.
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4. Rob Davies, "Nuns take on BlackRock over climate emergency," The Guardian, December 15, 2019.
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