BlackRock CEO shifts green competition into a higher gear
GlobalData Thematic Research 29th January 2021 (Last Updated January 29th, 2021 10:00)
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A year ago, Blackrock CEO Larry Fink told companies in BlackRock’s $9tn investment portfolio to start taking global warming seriously. He told them that “climate risk is investment risk” and warned that BlackRock would take voting action where it found insufficient climate progress in companies’ business models and disclosures.
In July 2020, BlackRock started making good on the threat. It identified 244 companies making insufficient progress and took voting action against 53 of them. It put the rest “on watch,” warning it might take voting action this year.
Broadridge Launches ESG Advisory Services
New offering with Third Economy rapidly accelerates corporate and institutional ESG strategies
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NEW YORK, Jan. 28, 2021 /PRNewswire/ To better help companies and investors enhance their Environmental, Social and Governance (ESG) programs, Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, and Third Economy, a leader in sustainable investment research and advisory services, have launched an ESG Advisory Service. This new service, leveraging proprietary data, will help corporate issuers and asset managers improve sustainability strategies while effectively positioning their ESG programs with stakeholders. Companies are making corporate responsibility initiatives part of their business strategy as more retail and institutional investors raise ESG concerns and seek the long-term performance advantages and benefits of ESG-focused businesses, said Dorothy Flynn,
ESG investing in 2021: Advancing data capture and impact measurement
Use of new tech key to meeting transparency rules
John Streur of Calvert Research and Management
John Streur
Adoption of ESG strategies by investors and corporations globally has risen significantly in recent years. Today, $17trn or one of every three dollars professionally managed in the US is invested in sustainable investment strategies, according to the US SIF Foundation s biennial Trends Report.
We can see many companies changing their practices because they understand the importance of ESG to their brands and operations. The critical, imminent nature of many ESG challenges such as climate.
Sustainability disclosures are in best interests of investors: Larry Fink
BlackRock carbon-neutral in their own operations
BlackRock s climate murmurs of January 2020 have just intensified into an actionable blueprint. Larry Fink, who identified Climate as the defining factor of companies prospects’ last year has now asked ‘companies to disclose a plan to ensure that the businesses are compatible with the net-zero economy’. In his annual letter to corporate leaders, the BlackRock chief stressed that these measures were quintessential to limit global warming to 2 degree Celsius and eliminate net greenhouse gas emission by 2050.
Significance Of Larry Fink’s Message
The shift towards climate responsible businesses and ESG have accelerated since the outbreak of COVID which has caused seismic changes to the operational and functional capabilities of companies. But Larry Fink is not just another climate activist. BlackRock is perhaps one of the most influential investors in t
January 27, 2021
Clockwise, from top left: Laura Lane, UPS; Darnell Grisby, TransForm; Guy Grainger, JLL, Boma Brown-West, EDF; Miriam Nelson, Newman s Own Foundation; Asheen Phansey, Circular Fashion Group; Clare Shine, University of Cambridge Institute for Sustainability Leadership; Janelle Heslop, Amgen. Middle row from left: Claire Bergkamp, Textile Exchange; Steve Quarles, AWEA; Elliott Rodgers, Ulta Beauty; Maribel Bostic, SunPower; Dana Worth, Plenty.
You dared to dream that some of the upheaval of 2020 would let up at the New Year s stroke of midnight? The speeds and feeds of 2021 already have left us winded. That means accelerating need for sustainability professionals to step up. Plenty of people in this space have spruced up their LinkedIn pages and changed roles in recent months. There s noted activity in the sustainable apparel space, and boards are getting more intentional about inclusivity.