What BlackRock’s Letter to Corporations Does, and Doesn’t, Mean
February 4, 2020 Financial Services
BlackRock, the largest asset manager in the world, threw its weight around recently. Chairman and CEO Larry Fink wrote a letter to CEOs in January explaining BlackRock’s further divestment from the fossil fuel industry. He said BlackRock would hold companies and directors accountable when they don’t address sustainability and climate change.