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A year ago this month, BlackRock chief Laurence D. Fink wrote a letter to the world’s CEOs with an urgent message: Climate change will be “a defining factor in companies’ long-term prospects.” Underscoring his point, he added, “We are on the edge of a fundamental reshaping of finance.”
Coming from arguably the world’s most powerful investor BlackRock controls nearly $9 trillion, making it far and away the largest such firm this letter landed with seismic force in boardrooms across the globe. In the weeks that followed, Microsoft announced a plan to be carbon-negative by 2030, Salesforce pledged to conserve or restore 100 million trees over the next decade and even Delta Air Lines announced a $1 billion effort to be carbon-neutral in 10 years.
BlackRock chief pushes a big new climate goal for corporates
26 Jan, 2021 08:43 PM
7 minutes to read
Larry Fink, founder and chief executive of the investment firm Blackrock. Photo / Damon Winter, The New York Times
New York Times
By: Andrew Ross Sorkin A year ago this month, BlackRock chief Laurence D. Fink wrote a letter to the world s CEOs with an urgent message: Climate change will be a defining factor in companies long-term prospects. Underscoring his point, he added, We are on the edge of a fundamental reshaping of finance.
Coming from arguably the world s most powerful investor BlackRock controls nearly US$9 trillion (NZ$12.4 trillion), making it far and away the largest such firm this letter landed with seismic force in boardrooms across the globe. In the weeks that followed, Microsoft announced a plan to be carbon-negative by 2030, Salesforce pledged to conserve or restore 100 million trees over the next decade and even Delta Air Lines anno
BlackRock s shift to net-zero investments is accelerating, CEO Larry Fink says theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Friday, January 22, 2021
“IA”) published its shareholder priorities for listed companies in 2021. The publication:
Assesses the progress made by listed companies on the four areas identified by investors as critical drivers of long-term value at the time of publication of the shareholder priorities for 2020;
Sets outs IA member expectations for 2021; and
Describes the approach which its corporate governance research service, the Institutional Voting Information Service (
“IVIS”), will take to analyse these issues for companies with year-ends on or after 31 December 2020. This includes a summary of the IVIS questions and colour top approach for 2021.
A copy of the Investment Association Shareholder Priorities for 2021 can be found here.