Asset management's responsible investment claims do not match its voting record

BlackRock, Vanguard and State Street 'crucial laggards'

The world's largest asset managers are failing to vote for sustainable progress in investee companies, despite public commitments to the contrary.

Only 15 out of 102 shareholder resolutions on climate and social issues received majority support from asset managers over the past year, according to research from ShareAction, which analysed the voting decisions of 60 of the world's largest asset managers from September 2019 to August 2020. Asset managers failing to lead the way on responsible investment Smaller European fund managers outperformed the rest of the industry, with the 17 best performers all European-based firms, and US investors improved their scores on the previous year, with JP Morgan Investment Management supporting...