BlackRock Investors Snub Shareholder’s ESG Risk Study Plan

BlackRock Inc. shareholders on Thursday turned down an ESG risk analysis request from a DEI skeptic who was concerned about the investment giant’s support for environmental, social, and governance policies.

Bowyer Research Inc. urged BlackRock, the world’s largest asset manager, to report on any risks it faces from what the filer says is “a high-profile embrace of ESG and DEI in its public pronouncements, organizational affiliations, corporate engagement, and proxy voting.” Bowyer Research, a consulting firm that opposes diversity, equity, and inclusion initiatives, submitted the proposal on a BlackRock investor’s behalf.

The shareholder resolution garnered about 1% of the votes ...