Sign if you agree: Don't invest our money in climate polluters

Tell BlackRock, Vanguard and Fidelity: Use your power to fight climate change

The petition to BlackRock, Vanguard and Fidelity reads:
"Vote for climate action resolutions at the companies where you invest."

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Dear 5849376,

Tell BlackRock, Vanguard and Fidelity: Use your power to fight climate change

Major fund managers like BlackRock, Vanguard and Fidelity have huge power over the biggest corporate polluters. That power comes from us – millions of Americans who entrust them with our savings. But fund managers are using our own money against us when they block climate action at the companies where they invest.

Fund managers invest their clients' money by buying shares of the biggest corporations in the world. Those shares give them voting power at those corporations' annual shareholder meetings. Although fund managers claim to care about climate change, year after year BlackRock, Vanguard and Fidelity vote down resolutions from shareholders who are pushing companies to act on climate.1

In May and June, shareholders at big companies like Amazon, General Motors and Duke Energy will vote on resolutions demanding concrete action on climate change. If fund managers walked their talk and voted to hold companies accountable to acting on climate, we would be closer to transitioning the entire global economy to a clean energy future.

Tell BlackRock, Fidelity and Vanguard: Vote for shareholder resolutions on climate action. Click here to sign the petition.

It is hard to fathom the power of major fund managers. BlackRock alone controls over $6 trillion in assets, about as much as the world's 20 largest pension funds combined.2 It is the world's largest investor in oil, gas and thermal coal.3 To serve as responsible stewards for their clients' funds – and the future of our planet – fund managers like BlackRock should divest from their fossil fuel assets entirely. But until they do, they should use their influence to push for positive change. Unfortunately, that's not what they are doing now. In 2017, BlackRock and Vanguard each supported only two of 90 climate-related proposals at shareholder meetings.4

The climate resolutions that shareholders at major corporations will vote on this spring include actions like requiring companies to invest in clean energy, report political spending and lobbying, and disclose their climate risks.5 Fund managers will be casting their votes in the coming weeks so we need to get the message to them now.

Tell BlackRock, Fidelity and Vanguard: Vote for shareholder resolutions on climate action. Click the link below to sign the petition:

https://act.credoaction.com/sign/blackrock-resolutions?t=9&akid=32330%2E3291973%2E7I8a-h

Thanks for fighting back,

Brandy Doyle, Campaign Manager
CREDO Action from Working Assets

Add your name:

Sign the petition ►

References:

  1. Catherine Dunn, "Vanguard is no friend to shareholders seeking more details on firms' political spending," Seattle Times, Dec. 29, 2018.
  2. BlackRock's Big Problem, "BlackRock's Big Problem," accessed Dec. 19, 2018.
  3. InfluenceMap, "Who Owns the World's Fossil Fuels: A forensic look at the operators and shareholders of listed fossil fuel companies," December 2018.
  4. Rob Berridge, "Four Mutual Fund Giants Begin to Address Climate Change Risks in Proxy Votes: How About Your Funds?" Ceres, Dec. 21, 2017.
  5. Majority Action, "Critical Climate Company Votes," accessed April 17, 2019.

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