BlackRock has joined Climate Action 100+, the world’s largest group of investors by assets pressuring companies to act on climate change
By Dieter Holger and Maitane Sardon Jan. 9, 2020 1:25 pm ET BlackRock Inc. said Thursday that it has joined Climate Action 100+, the world’s largest group of investors by assets pressuring companies to act on climate change, following criticism that the money manager hasn’t done enough to move the needle.
“BlackRock is responding to the demands of its asset owner clients and other groups globally that they take meaningful action to address climate change,” said Fiona Reynolds, member of the Climate Action 100+ Steering Committee and chief executive of the Principles for Responsible Investment. BlackRock, the world’s largest asset manager with around $7 trillion under management, has recently launched more funds for investors concerned about environmental and social issues. At the start of 2019, its CEO, Larry Fink, said it is crucial that companies not only seek profit but also make a good contribution to society.
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