Larry Fink’s Words Versus Actions on ESG in 2021
Larry Fink turns up the ESG dial in his annual missive to CEOs. We think BlackRock means business.
In recent years, BlackRock chief executive Larry Fink’s annual letter to corporate chiefs has become the kind of marquee event in the sustainable investing world that Warren Buffet’s shareholder letters have for years been for the value investing crowd.
His CEO letters have helped to inject “corporate purpose,” “inclusive capitalism,” and “social license” into mainstream investing vocabulary. His letters carry weight: When he declared “Climate risk is investing risk,” it made headlines outside the environmental, social, and governance investing community.