En su carta anual a los directores ejecutivos, el director ejecutivo de BlackRock escribe: “El cambio climático se ha convertido en un factor definitorio en las perspectivas a largo plazo de las empresas”.
Larry Fink, director ejecutivo de la administradora de dinero más grande del mundo, escribió en su carta anual a los ejecutivos corporativos : “El cambio climático se ha convertido en un factor definitorio en las perspectivas a largo plazo de las empresas … Pero la conciencia está cambiando rápidamente y creo que estamos al límite. de una remodelación fundamental de las finanzas (…) Y con el impacto de la sostenibilidad en los rendimientos de la inversión en aumento, creemos que la inversión sostenible es la base más sólida para las carteras de clientes en el futuro “.
The chief executive of one of the biggest holders of most U.S. also outlined a series of initiatives that highlighted strengthening BlackRock’s commitment to sustainability and cutting investment ties with high sustainability-related risk companies, which suggests a shift in the company’s assets that totaled almost $7 trillion in the third quarter of 2019, according to its latest financial results.
“Even when other financial problems lasted for many years, they were all, in the broad scheme of things, short-term in nature. Climate change is different.” (…) Investors are asking how they should modify their portfolios (…) “And because capital markets pull future risk forward, we will see changes in capital allocation more quickly than we see changes to the climate itself (…) In the near future — and sooner than most anticipate — there will be a significant reallocation of capital.”
Fink’s letter come as business leaders, policymakers and investors prepare to travel to Davos, Switzerland for the World Economic Forum’s 50th annual forum to be held 21-24 January. It also arrives just days after BlackRock joined Climate Action 100+, an influential pressure group with a combined $35 trillion in assets calling for the biggest polluters to reduce their emissions.
In previous years he’s underscored the theme that profit and social purpose are inextricably linked, reported Fortune, “people are looking to corporate executives to step in and offer fixes to social problems that governments are failing to solve”, Fink wrote in last year’s letter.
Questioning BlackRock
Activists have been calling on BlackRock to do more around the climate crisis.
According to Fortune, coalitions of youth activists and other groups and firms have all targeted the firm demanding more action for climate change, accusing it of passive management despite becoming the world’s largest and most trusted manager of other people’s money. Environmental groups like Extinction Rebellion claimed BlackRock’s statement would make little difference and said “the world’s biggest miners and polluters will not be losing any sleep” over the announcement. “BlackRock remains waist-deep in fossil fuel investments and the world’s top backer of companies that destroy the Amazon rainforest and ignore the rights of indigenous people,” it added.
Según el formulario de informes The Guardian , el anuncio de Fink fue bien recibido por grupos críticos de las credenciales ambientales de BlackRock. “Poner el cambio climático en el centro absoluto de su negocio es la forma en que todas las empresas deben responder a esta emergencia planetaria”, dijo Diana Best, del Proyecto Sunrise, que apoya a grupos que hacen campaña contra la crisis climática.
