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The Governance Beat

Voice of the in-house insider

  • ’34 Act/Other
  • Corporate Governance
  • Executive Pay
  • Proxy Season
  • Sustainability/E&S
  • Home
  • Corporate Governance
  • Executive Pay
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  • Sustainability/E&S
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HomeProxy SeasonThe “Big 3” Institutional Investors Publish Their 2025 Stewardship Reports
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The “Big 3” Institutional Investors Publish Their 2025 Stewardship Reports

Broc RomanekUpdated on May 19, 2026May 19, 20261 min read
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The “Big 3” – BlackRock, Vanguard and State Street – have now all published their annual reports for 2025 of their stewardship activities. Note that BlackRock is the first to publish a report for each of its two stewardship teams.

Here are the reports:

  1. BlackRock Investment Stewardship 2025 Annual Report
  2. BlackRock Active Investment Stewardship 2025 Annual Report
  3. BlackRock Climate and Decarbonization Stewardship 2025 Annual Report
  4. Vanguard Investment Stewardship 2025 Annual Report
  5. State Street Stewardship 2025 Annual Report  
  6. J.P. Asset Management 2025 Annual Report

Authored by

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Broc Romanek

Cooley

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