BlackRock, Vanguard Fall Short on Climate Voting, Report Says

For all the talk on tackling climate change, BlackRock Inc. and Vanguard Group aren’t doing much to assist global investor efforts on the topic, according to nonprofit group Majority Action.

The two fund giants voted for 99% of U.S. directors proposed by the energy, utility, banking and automotive companies reviewed by Majority Action and voted overwhelmingly against resolutions that it deemed “climate-critical.”