2021-06-09 10:16:00, , Financialpost
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Author of the article: Bloomberg News Tim Quinson By Tim Quinson (Bloomberg) – Perhaps never before have the world's biggest fund managers been so vocal about how they plan to vote in annual shareholder meetings.
From solely a financial standpoint, the trend makes sense given the enormous investment flows into ESG funds and looming regulatory mandates.
A whopping $112.5 billion poured into exchange-traded funds focused on environmental, social and governance factors during the past 12 months, according to data compiled by Bloomberg.
These include a racial equity audit at Johnson & Johnson, a diversity and inclusion report from Berkshire Hathaway and a human rights due diligence report at Tyson Foods, Du Boff said.
BlackRock, and to a lesser extent Vanguard, signaled last year that they were prepared to support more ESG-related shareholder proposals than they had in the past, Hale said.
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