BlackRock joins Climate Action 100+
BlackRock – the world’s largest asset manager – has joined the Climate Action 100+ investor engagement scheme to help align investee companies’ emissions with the Paris Agreement.
With more than $6.8trn in assets under management, this boosts the total wealth managed by Climate Action 100+ backers to $41trn.
In a letter to clients, BlackRock CEO Larry Fink said: “We are on the edge of fundamental reshaping of finance. Sooner than most anticipate, there will be a significant reallocation of capital.”