BlackRock’s list of climate commitments just got longer ...Middle East

Quartz - Economy
BlackRock’s list of climate commitments just got longer
The world’s largest asset manager kicked off 2020 by laying out a list of climate pledges that put the rest of the financial sector on notice. “Climate risk is investment risk,” wrote BlackRock’s CEO Larry Fink in his annual open letter to chief executives in January. Climate change is rewriting the most basic assumptions of modern finance, he argued, and portfolios that integrate climate risk will deliver better long-term returns than conventional investments.Over the last year, though, critics were less than impressed with how BlackRock delivered on its rhetoric. So for 2021, the manager of $7.8 trillion in assets has added at least a dozen more items to its climate to-do list—and they see

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