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P&G investors challenge CEO over forest destruction concerns at company’s annual meeting
Procter & Gamble’s shareholders that defied the company’s own recommendations, two-thirds of Procter & Gamble (P&G) shareholders voted “yes” at the company’s annual meeting on Tuesday, Octob…
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Today is Indigenous Peoples’ Day. Where is the Finance Sector?
Let’s be clear: all exploitation of resources by our industrial society depends on exploitation of the people within whose lands and territories those resources lie.
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Forests and Human Rights: Principles for Asset Managers
BlackRock, the world’s largest asset manager, has no clear policy on forests, land, and human rights of Indigenous Peoples and local communities
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Doubling Down on Deforestation
Analyzing how the Big Three asset managers enable consumer goods companies to destroy the world’s forests.
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Largest US Investors Undermine Efforts to Halt Rainforest Destruction, new report finds
As rainforests across the tropics face another year of devastating fires, a new report from Friends of the Earth shows that largest U.S. asset managers, BlackRock, State Street and Vanguard – known…
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BlackRock falls short on 2020 climate votes
New York, NY – Today, BlackRock released a new investment stewardship report. In the report the world’s largest asset manager detailed how it voted during the 2020 shareholder season which wa…
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Forest advocates present asset managers with essential principles for forest and human rights protections
Today, long-time advocates for the protection of earth’s remaining tropical forest lands and the people, including Indigenous communities who live in them, presented a set of essential principles as…
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BlackRock’s Silence on Forest Destruction
Since 2012, BlackRock has had 15 chances to vote in favor of shareholder resolutions to halt deforestation. One hundred percent of the time, it voted against action on deforestation.
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Activists protest BlackRock’s ‘hot air’ on climate change
In a series of demonstrations after BlackRock’s annual shareholder meeting today, activists in New York City, San Francisco, and London staged socially distanced protests to criticize the financial…
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Golden Veroleum Liberia Lays Off Workers, Endangers Communities, Highlighting Failure of Industrial Plantation Model
Golden Veroleum Liberia (GVL), a palm oil company operating in Liberia since 2012, announced recently that it is laying off 440 workers – about a tenth of its workforce – due to unsustainable loss…