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IPFS News Link • Business/ Commerce

GOP "Wrecking Ball" Erodes Support For Woke ESG Shareholder Proposals

• by Tyler Durden

A growing number of Red states have pulled billions of dollars from BlackRock's management as they disapprove of the world's top asset manager's 'woke' investing policies. Now investor support for ESG proposals slides to a six-year low, a wake-up call for BlackRock's Larry Fink. 

A recent count of votes compiled by the Sustainable Investments Institute through the end of this week shows the average backing of resolutions centered around ESG, DEI, and CRT has dropped to about 22% at annual shareholder meetings, down from a peak of 33% in 2021, according to Bloomberg. Support for sustainable investing is at the lowest level since 2017.