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, October 13, to pass a proposal on forest sourcing and impacts.
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 as the Big Three – have explicitly undermined efforts by consumer brands and agribusiness companies to halt deforestation.
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 was the first big test of the climate commitments it made in January of this year. While BlackRock released voting briefings for a handful of shareholder votes during the season (including at Barclays, Chevron, Exxon, and Mizuho), until…
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 asset managers must follow if they are to claim they are taking into account the survival of forests and human rights.
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 giant’s failure to live up to its rhetoric on climate change.
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 losses and the falling price of palm oil.
Rural communities in Brazil are suffering from food shortages, chemical pollution and violent human rights abuses because of large land deals made by Harvard University in the years following the 2008 financial crisis.
Following years of pressure from environmental and human rights groups, POSCO International, South Korea’s largest trading company, has adopted a zero-deforestation policy for its global palm oil operations.
Everyone with an IRA or a 401(k) has the power to pressure investment firms to change their practices and stop funding the destruction of our planet and our communities. Deforestation Free Funds unleashes that power, for good.
Environmental groups Amazon Watch and Friends of the Earth released an analysis today of BlackRock’s newly released statement on its engagement with agribusiness – the second leading driver of the climate crisis after fossil fuels. The analysis highlights weaknesses in BlackRock’s approach to agribusiness, including the company’s failure to explain how it will adhere to international human rights norms and hold companies accountable.