In the letter, he asked governments to provide clear pathways and a consistent taxonomy for sustainability policy, regulation, and disclosure across markets. “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.
“These targets, and the quality of plans to meet them, are critical to the long-term economic interests of your shareholders,” said Fink. 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. On January 26, 2021, BlackRock released its annual Letter to CEOs, which is also commonly referred to as the Fink Letter. Early in 2023, two significant pension clients announced they had selected BlackRock for significant OCIO mandates, trusting BlackRock to look after the pensions of their members. 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. This annual letter from the worlds largest asset manager might not get as much love as the one from. The Letter Black is excited that fans around the world are enjoying their latest self-titled album, which was released August 6th, 2021 The single 'Born for This' Ft.
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. On March 15, BlackRock (BLK 0.20) CEO Larry Fink released his annual letter to shareholders.
0 kommentar(er)
