BlackRock takes tougher stance on climate after activist heat
By Editor - Tue Jan 14, 4:50 am
BlackRock Chief Executive Larry Fink has warned company boards to step up efforts to tackle climate change, marking a significant shift in the public stance of the world’s biggest investment manager amid mounting concerns about global warming. In his annual letter to CEOs, Fink said they must act or face increased wrath from investors concerned about how unsustainable business practices might curb their future wealth. Fink’s intervention comes at a time when investors are increasingly pressuring financial firms to do more to combat climate change.
Read more here: