BlackRock, the largest asset manager in the world, wants to invest greener. Investments in coal are therefore partially banned. Driver Larry Fink writes that in his annual letter to board chairs worldwide.
With this decision BlackRock becomes stricter for companies that do not explain how they deal with climate change.
With nearly $ 7,000 billion ($ 6,290 billion), the American company is by far the largest investor in the world. The decision is therefore expected to have consequences for the rest of the industry.
BlackRock was previously under attack for its often wait-and-see attitude in the field of sustainability. Analyzes of voting behavior at shareholder meetings show that in only a small proportion of cases the company favors proposals on the environment. With this letter BlackRock wants to send another signal to the outside world.
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