New York | Liberal-leaning US pension fund leaders and politicians have warned BlackRock and other big asset managers against backtracking on their commitment to environmental, social and governance causes, after a sharp drop in support for shareholder proposals at annual meetings.

New York City comptroller Brad Lander accused BlackRock, the world’s largest money manager, of caving in to a “misinformed and shortsighted war against ESG at the behest of special interests”.

Financial Times