BlackRock Publishes 2023 Investment Stewardship Global Principles

Blackrock's recently released 2023 Investment Stewardship Global Principles, identifies several key themes to guide stakeholders and promote sound corporate governance regarding sustainability-related issues. At a high level, BlackRock's view is that "well-managed companies will effectively evaluate and manage material sustainability related risks and opportunities relevant to their businesses," which in turn requires "appropriate oversight of sustainability considerations." Relatedly, what it terms "robust disclosure" is "essential for investors to effectively evaluate companies' strategy and business practices related to material sustainability-related risks and opportunities." As a result, BlackRock encourages companies to make disclosure consistent with the Task Force on Climate-related Financial Disclosures (TCFD) framework and, acknowledging the lack of uniform reporting standards and data sources, it encourages companies to make use of industry-specific