Larry Fink is considered the most powerful man in global finance. The US American is the founder and CEO of BlackRock – the world’s largest asset manager. With his annual, high-profile letters to CEOs, he branded himself as a champion for climate change. In recent years, he has drawn the attention of board members and managers to the seriousness of climate change, held them accountable, and emphasized the important role of the (financial) economy in overcoming the climate crisis.
In his newest letter, however, he takes BlackRock off the hook. Fink’s company, BlackRock, manages a good $8.6 trillion in assets and has stakes in almost every major company in the world. The way BlackRock invests has a significant influence on the energy and climate transition (Climate.Table reported).