BlackRock says sustainability reports might slide during pandemic [Reuters]
BlackRock, Inc. (BLK)
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Source: Reuters
BlackRock says sustainability reports might slide during pandemic BOSTON, April 22 (Reuters) - Top asset manager BlackRock Inc, which has vowed to put more focus on climate issues, said that companies might give a lower priority to sustainability reports as they struggle with the COVID-19 pandemic. In a stewardship document provided by a BlackRock spokesman late on Tuesday, the firm suggested it would tolerate the change. BlackRock also took a neutral stance on the question of whether companies should continue to pay dividends or buy back shares, and said it expected companies to provide shareholders the chance for “meaningful participation” when they move annual meetings to cyberspace. The details marked some early specifics from the world’s largest asset manager about its expectations for companies dealing with the sudden economic shock stemming from the deadly respiratory virus. BlackRock earlier this year outlined tougher policies for the influential proxy votes it casts at spring
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