BlackRock and Vanguard — the two largest asset managers in the world — have been criticised for failing to support shareholder led resolutions that aim to pile pressure on the boards of listed companies to tackle climate change and social issues like human rights and pay.

ShareAction, a responsible investments charity, analysed the voting decisions of 60 of the world’s biggest fund-management groups, looking at 102 shareholder resolutions related to climate and social issues between September 2019 and August 2020.