BlackRock needs to walk the walk on climate change

The asset manager has decided to pull investment from firms that don’t make sufficient progress on ESG disclosure while it routinely votes against climate-related shareholder resolutions itself.

Larry Fink, CEO of BlackRock

BlackRock CEO Larry Fink is getting serious about climate change.

“Last September, when millions of people took to the streets to demand action on climate change, many of them emphasized the significant and lasting impact that it will have on economic growth and prosperity – a risk that markets to date have been slower to reflect,” he declared in a letter to CEOs on January 14.

“But awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance.

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