BlackRock Alters Stance on ESG Policies as Bitcoin ETF Decision Looms

BlackRock, the world's leading money manager, has reduced its support for shareholder proposals related to environmental, social, and governance (ESG) factors, raising questions about the company's commitment to sustainability.

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Relevant topic timeline:

8/23/2023

BlackRock turned down record number of climate proposals amid inflation, ESG pushback

BlackRock, the world's largest asset manager, rejected 93% of shareholder proposals related to climate and social issues during the 2022-2023 proxy voting season, citing a high number of low-quality proposals and companies already meeting their asks.

8/22/2023

BlackRock has more to lose from a BTC price crash pre-Bitcoin ETF

BlackRock's potential involvement in Bitcoin's recent price crash is being investigated, but there are several reasons why this claim may be unfounded and not aligned with the company's interests.

9/5/2023

BlackRock deliberately driving down Bitcoin price in anticipation for Spot BTC ETF approval, analyst says

BlackRock, a major asset manager, is accused of deliberately driving down the price of Bitcoin in order to establish a better buying position for their Spot Bitcoin Exchange-Traded Fund (ETF) if it is approved, according to analyst Crypto Rover. This highlights the influence of big players in the market and reminds retail investors to be more analytical.