The fund giant BlackRock is leading the way for the future and announces a clear turnaround in its business by officially declaring that sustainability will become its "investment standard". The occasion is the letter to investors in which the fund giant, by voice of his number one Larry Flint, explains his intention to take an active part.
"Considering the growing investment risks surrounding sustainability, we will be more and more likely to vote against managers and directors when companies do not make sufficient progress on sustainability reporting and do not prepare guidelines and business plans related to it" , says Flint, who recalls how from BlackRock's dialogue with customers around the world, it emerges that more and more people are moving towards sustainable investments.
It would be enough that 10 or even 5% of the investors did, calculate, and there would be a massive capital shift.
Turnaround Blackrock, the giant of funds launches the pro-climate challenge
2020-01-14T18:17:50.340Z
Things are changing fast. Faster than expected and every government, company and shareholder must act against climate change. Immediately. (HANDLE)