BlackRock is the world’s largest global investment management company with almost $7 trillion in assets under management as of September 2019. On January 14, 2020, BlackRock’s Chairman and CEO Larry Fink issued his annual letter to the public company chief executives. Although he has been an advocate for sustainable investing for some time, the letter is Mr. Fink’s strongest advocacy yet for investments with strong environmental, social and governance (ESG) components.
This Flash Report highlights key points in Mr. Fink’s letter, which draws a line in the sand that cannot be ignored.