BlackRock Joins Sustainable Investing Movement

The world’s largest asset manager intends become the world's foremost sustainable investor, a move that many think is long overdue

Jon Hale 15 January, 2020 | 9:49AM

Larry Fink BlackRock

The world’s largest asset manager just became the world’s largest sustainable investor.

In his annual letter to clients, chief executive Larry Fink announced that sustainability is BlackRock’s “new standard” for investing. This means setting an expectation that companies assess their climate and other sustainability-related risks and report to shareholders using guidelines set by the Task Force on Climate-related Financial Disclosure (TCFD) and the Sustainable Accounting Standards Board.

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About Author

Jon Hale  Jon Hale is a consultant with Morningstar Institutional Investment Consulting.

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