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BlackRock, Vanguard, Fidelity among fund groups called out over failure to tackle human rights abuses

World's largest asset managers 'are not using their considerable influence to tackle serious social issues', ShareAction claims

One-fifth of the 77 largest asset managers say they only consider social issues in funds explicitly labelled ESG

Erik McGregor/Getty Images
By
Kristen McGachey

BlackRock, Vanguard, Fidelity Investments and State Street Global Advisors have been accused of failing to use their influence to tackle some of the most egregious human rights abuses.

ShareAction, the responsible investment charity, analysed 77 of the world’s largest asset managers with a combined $77tn in assets to see how they are responding to issues, such as labour rights and public health through their investment strategies.

It...