BlackRock is the world's largest asset management corporation.
In January 2020, Larry Fink, the CEO and Chairman of BlackRock,
issued an annual letter titled “A Fundamental Reshaping of
Finance”1 to Chief Executives of companies in which BlackRock
invests. In this letter, BlackRock announces several sustainability
initiatives, recognises climate risk as investment risk, and urges
companies to improve their financial disclosure to shareholders in
relation to climate risks. As part of the initiatives, BlackRock
begins to exit investments that present a...