BlackRock CEO Larry Fink today published his annual letter to its clients, focusing for the second year in a row on climate announcements, including a request for all companies to adopt “net zero” compatible business plans
New report reveals BlackRock’s high levels of coal exposure and climate inaction - with $85bn worth of assets managed by BlackRock invested in coal companies
Findings come on anniversary of BlackRock CEO Larry Fink’s commitment to sustainability, and just days before Fink’s annual letter for 2021
BlackRock coal policy affects just 17% of industry
The policy applies to less than a third of BlackRock’s assets under management, as it ignores passive management