Top investor BlackRock to expand climate talks with companies in 2021

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BlackRock on Thursday said it would more than double the number of companies it engages with over climate-related issues to over 1,000 and laid ...

LONDON/BOSTON: BlackRock on Thursday said it would more than double the number of companies it engages with over climate-related issues to over 1,000 and laid out stronger goals on other fronts for portfolio firms ahead of the upcoming shareholder meeting season.

"We will step up our engagement efforts with this universe and consider accelerated voting actions should the substance of companies’ climate-related commitments and disclosures not meet our expectations," the company said. After a year marked by growing concern over the lobbying activities of some companies, particularly around climate, BlackRock also said it would look for companies to align their lobbying activities with their public statements.In addition, the money manager said it would be more likely to support some climate-related shareholder proposals than in the past - a sore point with many climate activists.

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