BlackRock

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BlackRock is the world’s largest asset manager, with 6 trillion dollars worth of assets including climate-destroying corporations such as ExxonMobil and Chevron.

Thanks to relentless pressure, including tens of thousands of SumOfUs members like you, BlackRock’s CEO - Larry Fink - wrote a very public letter saying it would act on climate.

But so far there has been no climate action from BlackRock -- just a bunch of hot air.

The month of May is full of annual meetings for corporations -- a time when shareholders vote on agenda-setting proposals for the rest of the year, including ones to do with all of our climate future. BlackRock is a massive shareholder for fossil fuel giants like ExxonMobil and Chevron and can affect the course of these climate chaos companies, by voting for planet-friendly resolutions.

Tomorrow is BlackRock’s annual meeting, and our friends have a real life hot air balloon in New York and are creating a street mural full of hot air balloon imagery in San Francisco saying “BlackRock: Hot Air on Climate”.

You can’t be there in person, so please tweet BlackRock and call on them to vote the right way on key climate votes at Exxon and... Chevron.

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BlackRock has the power to pivot the global economy away from fossil fuels -- charting a bold new path towards a green global economy.

And BlackRock can be moved -- BlackRock divested from an Eritrean mining company using forced conscripted labour under pressure from our SumOfUs community and local partners. As can CEO Larry Fink -- the letter he wrote saying that BlackRock would transform finance in the face of the climate emergency was due to the pressure from the environmental movement, including millions of SumOfUs members around the world.

Already, over 90,000 SumOfUs members like you have signed a petition calling on BlackRock to take climate action. We need you to take the next step -- tomorrow, before its annual meeting, call on BlackRock to make good on its promise and start taking bold climate action -- before it’s too late.

Will you tweet BlackRock to call on it to vote the right way during shareholder season -- all you need to do is click here?

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Thanks for all that you do,
Angus, Luca, Vicky, and the team at SumOfUs


More information:

BlackRock's Big Problem
BlackRock's 'Greenwashing' threatens to undermine climate action, The American Prospect, February 26 2019
2020 Key Shareholder Votes, Majority Action


SumOfUs is a community of people from around the world committed to curbing the growing power of corporations. We want to buy from, work for and invest in companies that respect the environment, treat their workers well and respect democracy. And we’re not afraid to stand up to them when they don’t.

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