BlackRock CEO's latest letter departs from those of the past several years — giving less emphasis to climate risk and ESG investments.
This year’s chairman’s letter from BlackRock CEO Larry Fink, published Wednesday, gives less emphasis to climate risk and environmental, social and governance investments than past letters — but doesn't play down the substance.As the head of the world's largest asset manager, Fink’s letters are widely taken as a signal for how the financial community is thinking about certain topics, and how policy makers may need to respond.
Fink discusses the investment opportunities associated with the energy transition, potential financial repercussions from climate change-related extreme weather events and the need for companies BlackRock invests in to disclose their climate change-related risks.
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