News & Insights

Client Alert

February 21, 2020

Big Three Investors Announce 2020 Priorities


BlackRock, Vanguard, and State Street Global Advisors are the world’s three largest asset managers, collectively representing over $16 trillion in AUM, including 81% of all ETF assets. These “Big Three” investors collectively own an immense, mostly passive stake in every public US company, generating enormous interest in their annual statements of priorities and related proxy voting policies.

Now that the “Big Three” have shared their 2020 priorities, it is clear that a momentous shift is underway on both sustainability reporting and sustainability performance. King & Spalding highlights the key changes and provides suggested next steps for public companies. Click here to see King & Spalding’s letter to clients.

KEY TAKEAWAYS:

  • Companies should carefully review relevant SASB and TCFD standards and proprietary R-Factor scores to determine their disclosure strategy now.
  • Do not miss an opportunity to get credit for work already done through clear, compelling disclosures, particularly in the proxy statement.
  • Deep knowledge of your leading investors and their policies, preferences, and practices is more important than ever.