BlackRock, the world’s largest asset manager, is putting sustainability at the core of its investment strategies and climate-related risk at the center of its proxy votes and engagement with companies in which it invests.
“Every government, company and shareholder must confront climate change,” BlackRock CEO Larry Fink writes in his latest annual letter to CEOs. More specifically, writes Fink, they “must prepare for a significant reallocation of capital” that could happen even faster than changes in the climate. “I believe we are on the edge of a fundamental reshaping of finance.” Read Full Article - Think Advisor, January 16, 2020