In his 2022 letter to CEOs , BlackRock ( BLK ) CEO Larry Fink urged other heads of companies to prepare for and participate in the green transition as part of a broader defense of stakeholder capitalism. “I believe the decarbonizing of the global economy is going to create the greatest investment opportunity of our lifetime,” Fink wrote...
I believe the decarbonizing of the global economy is going to create the greatest investment opportunity of our lifetime.
Few things will impact capital allocation decisions — and thereby the long-term value of your company — more than how effectively you navigate the global energy transition in the years ahead.
There is enormous interest in the financial community in making investments that will be profitable in sustainable investments.
Divesting from entire sectors — or simply passing carbon-intensive assets from public markets to private markets — will not get the world to net zero.
Because the global economy today is itself carbon intensive, the portfolios of most diversified investors — including the portfolios of BlackRock's clients in aggregate — remain carbon intensive.
While leading the charge to incorporate environmental, social and governance considerations into all of our $8.7 trillion of investment activities at BlackRock, I started realizing that there's not a lot of value at all in this data.
Capitalism has the power to shape society and act as a powerful catalyst for change.
The next 1,000 unicorns won't be search engines or social media companies, they'll be sustainable, scalable innovators – startups that help the world decarbonize and make the energy transition affordable for all consumers.
- activist investor
- social media
- New York City
- capital allocation
- Harvard University
- Exxon Mobil
- Larry Fink
- Janet Yellen
- Engine No. 1
- sustainable investments
- Stakeholder Capitalism
- shareholder value