CODEPINK buys BlackRock shares to infiltrate meeting for the common good of humanity
For immediate release: May 20, 2020
For more information:
Nancy Mancias, [email protected], CODEPINK Campaigner
Emily Dorrel, [email protected], CODEPINK Social Media and Communications Director
Jan Weinberg, [email protected], CODEPINK NY Organizer
WHAT: BlackRock Shareholders Digital Protest
WHEN: 7:30 a.m. EDT on Thursday, May 21, 2020
WHERE: Via video conference platform Zoom
Members of the anti-war organization CODEPINK will attend the BlackRock Annual General Shareholders Meeting virtually to raise questions about the company’s weapon investments and human rights policies.
CODEPINK purchased shares to acquire access to the annual meeting to influence change. CODEPINK plans to vote against the re-election of Laurence Fink as CEO of BlackRock. Simultaneous to the Annual Shareholders Meeting, CODEPINK is hosting a digital protest on video conference platform Zoom -- which includes organizations that have previously staged BlackRock protests such as: American Friends Service Committee, BlackRock’s Big Problem, Don’t Bank on the Bomb, Gays Against Guns, MoMA Divest, Show Up! America, and World Beyond War.
“If investment management firms like Calvert, the Boston Impact Initiative, organizations like The US Conference of Catholic Bishops, and leaders from the Domini Impact Fund and Amalgamated Bank can commit to divest $550 billion dollars from weapons then so can BlackRock,” states Nancy Mancias, a campaigner with CODEPINK. BlackRock is the largest investor in weapon manufacturers. “BlackRock recently announced that they were divesting from fossil fuels — signaling a serious shift in their policies. If CEO Larry Fink is serious about being a socially responsible game-changer for humanity -- he should also divest from weapons.”
BlackRock has been trying to improve its image as being socially responsible. CODEPINK is a shareholder in BlackRock which gives them leverage. Close to 3000 community stakeholders support CODEPINK’s efforts through an online petition that was emailed to BlackRock CEO Laurence Fink ahead of the 2020 Annual General Shareholders Meeting.
The organizers of the digital protest are available for interviews.
CODEPINK is a women-led grassroots organization working to end U.S. wars and militarism, support peace and human rights initiatives, and redirect our tax dollars into healthcare, education, green jobs, and other life-affirming programs. https://www.codepink.org/