World's Largest Asset Manager Puts Climate At The Center Of Its Investment Strategy
"We believe that sustainability should be our new standard for investing," BlackRock CEO Larry Fink says. The investment giant's move puts pressure on companies to reduce reliance on fossil fuels.
BlackRock, the world's largest asset manager, says that it will now make climate change central to its investment considerations. And not just for environmental reasons — but because it believes that climate change is reshaping the world's financial system.
That was the message in BlackRock Chairman and CEO Larry Fink's annual letter to CEOs published on Tuesday.
"The evidence on climate risk is compelling investors to reassess
