The world's largest money manager believes the intensifying climate crisis will bring about a fundamental reshaping of finance.
In an annual letter to CEOs published Tuesday, BlackRock chief executive Larry Fink said: "Climate change has become a defining factor in companies' long-term prospects.
"But awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance," he added. Larry Fink, chief executive officer of BlackRock Inc., pauses ahead of a Bloomberg Television interview at the Blackrock Inc. wealth symposium in Zurich, Switzerland, on Thursday, March 7, 2019The chief of the world's largest money manager believes the intensifying climate crisis will bring about a fundamental reshaping of finance, with a significant reallocation of capital set to take place "sooner than most anticipate.
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