The rights of Indigenous peoples have been ignored or demeaned for far too long. Despite public commitments to support human rights, BlackRock hasn’t changed its policies and continues to invest in companies that directly threaten human and Indigenous rights.
BlackRock must adopt a policy that recognizes the rights of Indigenous peoples.
The policy must outline how BlackRock will address Indigenous rights across its business, and its expectations for how companies should engage and adhere to standards for human rights and the land rights of Indigenous peoples.
BlackRock could phase in this policy and apply it universally across all extractive sectors that threaten the rights of Indigenous peoples, local communities, and traditional landowners.
BlackRock is among the top shareholders in 25 of the world’s largest forest-risk companies. Portfolio companies must recognize the legal and customary rights of the communities who steward our global forests.
Climate chaos threatens the ecosystems we all depend on. For too long, Indigenous peoples have been ignored and their rights demeaned by companies that profit from destruction of their traditional lands. BlackRock’s practices must address the non-negotiable rights of traditional landowners, local communities, and Indigenous peoples.
But Larry Fink and the financial industry must recognize that small steps and talk are not enough. Our future depends on bold, decisive action. Asset managers have the power to make immediate changes – and the responsibility to implement these feasible solutions.