Financial solutions for catastrophic problems
In 2020, BlackRock promised to make sustainability its new standard for investing. The firm has taken a few steps forward, but they’re not enough. The climate is running out of time.
All talk, not enough action.
A visionary financial leader takes responsibility for the destruction its portfolio enables, even as an advisor and fiduciary. Technicalities are irrelevant in the face of global climate breakdown. Leaders that invest in destruction also magnify the economic risks of climate change. We need bold action to lower global emissions – immediately.
BlackRock has unmatched economic influence. A full industry transformation can’t happen overnight, but asset managers can use their power to accelerate change now. The financial solutions that will slow and even mitigate climate change are feasible. They are possible. And they are utterly necessary.