Article originally published by National Public Radio
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 [Jan. 14, 2020].
…BlackRock manages approximately $7 trillion on behalf of investors. Its shift could signify a watershed moment for corporate action on climate, particularly among U.S. firms…