Larry Fink: BlackRock is not the 'environmental police'
Publishing timestamp: 2023-03-15 12:21:28
Summary
BlackRock CEO Larry Fink has stated that it is not the role of asset managers to be environmental police, but rather for governments to make policy and enact legislation. However, BlackRock takes its role as a fiduciary for clients seriously and monitors the risk climate change poses to financial assets. Fink has pushed for climate risk disclosures at companies and believes that measuring climate risk in business is important. BlackRock is investing in natural gas pipelines while also providing options for investors to invest in clean tech.
Sentiment: NEUTRAL
Tickers: BLK,
Keywords: business news, investment strategy, larry fink, markets, blackrock inc,
Source: https://www.cnbc.com/2023/03/15/larry-fink-blackrock-is-not-the-environmental-police-.html