BlackRock Will Put Climate Change at Center of Investment Strategy

BlackRock Will Put Climate Change at Center of Investment Strategy

Had Mr. Fink moved a decade ago to pull BlackRock’s funds out of companies that contribute to climate change, his clients would have been well served. In the past 10 years, through Friday, companies in the S&P 500 energy sector had gained just 2 percent in total. In the same period, the broader S&P 500 nearly tripled.

In an interview, Mr. Fink said the decision developed from conversations with “business leaders and how they’re thinking about it, talking to different scientists, reading different research.” Mr. Fink asked BlackRock to research the economic impacts of climate change; it found that they are already appearing in a meaningful way in the form of higher insurance premiums, for fires and floods, and expects cities to have to pay more for their bonds.

Wherever he goes, he said, he is bombarded with climate questions from investors, often to the exclusion of issues that until recently were once considered more important. “Climate change is almost invariably the top issue that clients around the world raise with BlackRock,” he wrote in his letter.

He wrote that he anticipated a major shift, much sooner than many might imagine, in the way money will be allocated.

“This dynamic will accelerate as the next generation takes the helm of government and business,” he wrote. “As trillions of dollars shift to millennials over the next few decades, as they become C.E.O.s and C.I.O.s, as they become the policymakers and heads of state, they will further reshape the world’s approach to

Read More At The New York Times

enafarzh-CNzh-TWdanltlfifrdeiwhihuiditjakomsnofaplptruesswsvthtrukurvi

follow InnerSelf on

facebook icontwitter iconyoutube iconinstagram iconpintrest iconrss icon

 Get The Latest By Email

Weekly Magazine Daily Inspiration

LATEST VIDEOS

can we cool the planet 7 22
Can We Cool The Planet?
by Robert Jennings, InnerSelf.com
Climate change has emerged as one of the most pressing challenges of our time. Over the past century, human activities…
i5w7rk3a
The Devastating Impact of 3C Global Warming
by Robert Jennings, InnerSelf.com
Global warming is a pressing issue that poses severe threats to our planet and all its inhabitants. In recent years,…
The Great Climate Migration Has Begun
The Great Climate Migration Has Begun
by Super User
The climate crisis is forcing thousands around the world to flee as their homes become increasingly uninhabitable.
The Last Ice Age Tells Us Why We Need To Care About A 2℃ Change In Temperature
The Last Ice Age Tells Us Why We Need To Care About A 2℃ Change In Temperature
by Alan N Williams, et al
The latest report from the Intergovernmental Panel on Climate Change (IPCC) states that without a substantial decrease…
The Caspian Sea Is Set To Fall By 9 Metres Or More This Century
The Caspian Sea Is Set To Fall By 9 Metres Or More This Century
by Frank Wesselingh and Matteo Lattuada
Imagine you are on the coast, looking out to sea. In front of you lies 100 metres of barren sand that looks like a…
Five Climate Disbeliefs: A Crash Course In Climate Misinformation
The Five Climate Disbeliefs: A Crash Course In Climate Misinformation
by John Cook
This video is a crash course in climate misinformation, summarizing the key arguments used to cast doubt on the reality…
The Arctic Hasn't Been This Warm For 3 Million Years and That Means Big Changes For The Planet
The Arctic Hasn't Been This Warm For 3 Million Years and That Means Big Changes For The Planet
by Julie Brigham-Grette and Steve Petsch
Every year, sea ice cover in the Arctic Ocean shrinks to a low point in mid-September. This year it measures just 1.44…
What Is A Hurricane Storm Surge and Why Is It So Dangerous?
What Is A Hurricane Storm Surge and Why Is It So Dangerous?
by Anthony C. Didlake Jr
As Hurricane Sally headed for the northern Gulf Coast on Tuesday, September 15, 2020, forecasters warned of a…

LATEST ARTICLES

global boiling is here 7 29
U.N. Warns: The Era of Global Boiling Has Arrived
by Robert Jennings, InnerSelf.com
The world faces an unprecedented climate crisis as temperatures soar and heat records are shattered across the globe.
amoc map 7 26
The Unseen Tipping Point: Understanding the Potential Impact of an AMOC Shutdown
by Robert Jennings, InnerSelf.com
The Unseen Tipping Point: Understanding the Potential Impact of an AMOC Shutdown Have you ever heard of the Atlantic…
can we cool the planet 7 22
Can We Cool The Planet?
by Robert Jennings, InnerSelf.com
Climate change has emerged as one of the most pressing challenges of our time. Over the past century, human activities…
global hungry 7 22
The Rising Tide of Global Hunger: Pandemic, Climate & Conflict Fuel Food Insecurity
by Robert Jennings, InnerSelf.com
In recent years, the world has witnessed a distressing surge in global hunger, painting a bleak picture of food…
keeping cool 7 20
Beat the Heat: Your Guide to Staying Safe in Extreme Temperatures
by Robert Jennings, InnerSelf.com
As the temperatures rise during the summer months, it's important to be aware of the risks associated with extreme heat.
i5w7rk3a
The Devastating Impact of 3C Global Warming
by Robert Jennings, InnerSelf.com
Global warming is a pressing issue that poses severe threats to our planet and all its inhabitants. In recent years,…
how hot is too hot 7 19
How Hot is Too Hot? The Risks of Extreme Heat on the Human Body
by W. Larry Kenney, Penn State et al
The answer goes beyond the temperature you see on the thermometer. It’s also about humidity. Our research is designed…
european heatwave 7 18
European Heatwave: What’s Causing It And Is Climate Change To Blame?
by Emma Hill and Ben Vivian, Coventry University
Europe is currently in the midst of a heatwave. Italy, in particular, is expected to face blistering heat, with…

Even before Greta Thunberg launched her school strike for climate at age 15, youth activists have been key players in public action on the climate crisis. Now they’re breaking new ground in court.

Spring typically marks that time when insect pollinators begin the work that helps produce so many of the fruits and vegetables we love. In fact, researchers estimate that pollination accounts...

Putting a price on carbon should reduce emissions, because it makes dirty production processes more expensive than clean ones, right?

NRDC and partners released a report last month on the staggering financial toll of fossil fuel air pollution and climate change on human health in the United States.

His new book affirms what climate scientists have been saying for decades. But Bill Gates says it well, all the same.

Researchers have figured out a way to overcome a key hurdle in making efficient perovskite solar cells, one that also sequesters CO2.


 Get The Latest By Email

Weekly Magazine Daily Inspiration

New Attitudes - New Possibilities

InnerSelf.comClimateImpactNews.com | InnerPower.net
MightyNatural.com | WholisticPolitics.com | InnerSelf Market
Copyright ©1985 - 2021 InnerSelf Publications. All Rights Reserved.