regional banking sector remains at risk after the collapse of Silicon Valley Bank. “It’s also why we ask you to issue reports consistent with the Task Force on Climate-related Financial Disclosures (TCFD): because we believe these are essential tools for understanding a company’s ability to adapt for the future.”ĭivesting from entire sectors or shifting carbon-intensive assets from public to private markets will not get the world to net zero, he added.īlackRock does not pursue divestment from oil and gas companies as a policy, though some of the asset manager’s clients do choose to divest.įink noted that foresighted companies across a range of carbon-intensive sectors will be a critical part of decarbonisation, while companies leading the transition present a vital investment opportunity for clients and driving capitals towards these firms will be essential to achieving net zero. March 15 (Reuters) - BlackRock Inc (BLK.N) Chief Executive Laurence Fink warned on Wednesday the U.S. “These targets, and the quality of plans to meet them, are critical to the long-term economic interests of your shareholders,” said Fink. SeptemIn 2014, Larry Fink started writing letters to the leaders of some of the largest publicly listed companies, urging them to consider the importance of environmental. Fink sat down with CNBC's Andrew Ross Sorkin to discuss what.

The focus on sustainability stems from companies’ roles as capitalists and fiduciaries to clients, rather than environmentalists, said Fink.Īs a result, BlackRock is asking companies to set short, medium, and long-term targets for greenhouse gas reductions. In his 2019 letter to CEOs, Larry Fink, the CEO of BlackRock, disagreed with this assumption, stating in bold lettering: Purpose is not the sole pursuit of profits but the animating. Though Fink, the Chairman and CEO of the worlds largest asset manager, Blackrock, had been in the practice of writing an open letter to CEOs for years, this. January 26, 2021, 8:48 AM PST Larry Fink, the chief executive of the world’s largest asset manager, is doubling down on a strategy of integrating climate risks into investing, telling his. BlackRock CEO Larry Fink published his annual letter to CEOs Tuesday morning. He added that the most successful start-ups are those that will help the world decarbonise and make the energy transition affordable for all consumers. Letter to CEOs Posted by Larry Fink, BlackRock, Inc., on Wednesday, JanuPrint E-Mail Tweet Asset management, Climate change, ESG, Index funds, Institutional Investors, Proxy voting, Shareholder voting, Stakeholders, Stewardship, Sustainability More from: Larry Fink, BlackRock Larry Fink is Founder, Chairman and CEO of BlackRock, Inc. BlackRock vows to divest from climate change laggardsįink said more money will be poured into sustainable investing in the coming years, ranging from capital into new ventures focused on energy innovation, or transferring from traditional indexes into more customised portfolios and products.

Larry fink blackrock letter to ceos