Large fund firms' support for combating climate change is all talk, proxy voting shows
March 18, 2019 at 08:57 AM EDT
BlackRock and Vanguard Group have been vocal about using their market weight to influence social issues, including climate change. Yet results of proxy voting show that they continue to have among the worst voting records on climate change among fund company peers. The index fund giants say engagement counts more than votes. Critics disagree.