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BlackRock’s Big Problem Responds to Larry Fink’s 2021 Letters
BlackRock’s Big Problem Responds to Larry Fink’s 2021 Letters
January 26, 2021 BlackRock continues steps in the right direction, but falls short of the visionary leadership needed
WASHINGTON- Today, BlackRock released CEO Larry Fink’s annual letter to CEOs as well as a letter to its clients. The letters spelled out the next steps the world’s largest asset manager will be taking to address the climate crisis. With close to $9 trillion in assets under management, BlackRock has expansive power and responsibility to push for a sustainable future. While today’s letters indicated several steps in the right direction for the financial giant, it falls short of the visionary financial leadership that is needed to meet the scale and urgency of the climate crisis.