Will You Lead Or Be Led, BlackRock? New Race To Zero Criteria Raise the Bar
The Race to Zero campaign, a U.N.-backed initiative, released updated, strengthened criteria last week. BlackRock, as a signatory of the Net Zero Asset Managers initiative (NZAM), is a member of Race to Zero and therefore is directly affected by the updated criteria.
Larry Fink has said time and again — for example in his last two letters to CEOs — that the energy transition is already underway and the only question remaining is “will you lead or be led?” The updated Race to Zero criteria is the roadmap for that leadership and BlackRock can and should step up to lead.