Tell BlackRock to vote YES in favor of the three resolutions at the upcoming shareholder’s meetings.
For the coming annual shareholder meetings, CODEPINK highlights three proposals about human rights and nuclear weapons filed by faith-based investors represented by Investor Advocates for Social Justice. Proposals with Northrop Grumman, Lockheed Martin, and PNC Bank will go to a vote at shareholder meetings this spring.
BlackRock, the world's largest asset management company, released a statement indicating that it would like companies to implement and disclose their human rights processes to identify, manage, and prevent adverse human rights impacts. Like BlackRock's statement, Northrop Grumman and Lockheed Martin's proposals request that the companies produce a human rights impact assessment report. In contrast, the PNC proposal asks for assessing risks associated with financing the nuclear weapons industry. As a top ten shareholder in all three companies, BlackRock plays an essential role in its ability to leverage its power by voting to support these resolutions.
BlackRock has billions of dollars invested in weapons companies such as Lockheed Martin and Northrop Grumman. They position themselves as promoters of human rights, yet they continue to invest in weapons. They are making a killing on killing.
Can you see the contradiction? BlackRock said it would like companies to implement human rights processes; however, they continue to profit from war. BlackRock even has an iShares fund that exclusively benefits from weapons of war. We call on BlackRock to hold themselves accountable and demonstrate their commitment to human rights by voting YES in favor of the three resolutions at the upcoming shareholder's meetings. Take action here!
Carley, Ally, Ann, Ariel, Carley, Ciara, Cody, Emily, Farida, Grace, Jodie, Kelly, Leila, Leonardo, Madison, Mary, Marcy, Maxine, Michelle, Moses, Nancy, Paki, Sana, and Teri