4 Lessons From BlackRock's Bold ESG Statement
CEO Larry Fink charts an ambitious path for sustainable investing to become accessible and accepted. What will it take to succeed?
When BlackRock chief executive Larry Fink unveiled his new vision for sustainability as the "new standard for investing," he charted an ambitious course for his firm and investors in its funds, and threw down the gauntlet to BlackRock's competitors.
In the process, Fink both highlighted and tackled head on the hurdles that environmental, social, and governance investing needs to overcome in order to make it into a mainstream investment strategy with broad acceptance among investors and the financial-services industry. These are also challenges that BlackRock itself must show it can meet.
Tom Lauricella does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.