"Having supported 47% of environmental and social shareholder proposals in 2021 (81 of 172), BIS (BlackRock Investment Stewardship) notes that many of the climate-related shareholder proposals coming to a vote in 2022 are more prescriptive or constraining on companies and may not promote long-term shareholder value," the report said. In 2020, BlackRock supported 9% of environmental and social shareholder proposals. The firm also stressed "the nature of certain shareholder proposals coming to a vote in 2022 means we are likely to support proportionally fewer this proxy season than in 2021, as we do not consider them to be consistent with our clients' long-term financial interests."