Due to the rise of index funds (they “own” > 1⁄5 of American public companies), it seems that an alternative strategy might be trying to rise in the ranks of firms like BlackRock, Vanguard, or SSGA. It’s not unprecedented for them to take action (partly for selfish reasons); here are examples of BlackRock taking stances on environmental sustainability and coronavirus cure/vaccine.
Due to the rise of index funds (they “own” > 1⁄5 of American public companies), it seems that an alternative strategy might be trying to rise in the ranks of firms like BlackRock, Vanguard, or SSGA. It’s not unprecedented for them to take action (partly for selfish reasons); here are examples of BlackRock taking stances on environmental sustainability and coronavirus cure/vaccine.
Here is a paper exploring the potential implications of the rise of index funds and their stewardship: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3282794