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BlackRock CEO Larry Fink. (AP Photo/Julia Nikhinson) (ASSOCIATED PRESS) "Climate risk is investing risk," he said in one of these letters. ESG issues ranging from climate change to diversity to ...
BlackRock CEO Larry Fink on Friday kept to his pledge to no longer use the acronym ESG. But he also made it clear that investors would be wise to keep their focus on climate concerns.
BlackRock's Larry Fink isn’t the only CEO no longer using the now-controversial acronym ESG.. ESG — which stands for a focus on environmental, social, and corporate governance principles ...
He is a co-founder, chairman and CEO of BlackRock, an American multinational investment management corporation. [ 1 ] BlackRock is the largest money-management firm in the world with more than US$10 trillion in assets under management. [ 2 ][ 3 ] In April 2024, Fink's net worth was estimated at US$1.2 billion according to Forbes. [ 4 ]
CEO Larry Fink had been the unwitting face of ESG in recent years after a series of his annual letters to investors often discussed the concept. But that has shifted to the point where he now ...
In January 2022, BlackRock founder and CEO Larry Fink defended the company's focus on ESG investing, pushing back "against accusations the asset manager was using its heft and influence to support a politically correct or progressive agenda." [111] Fink said the practice of ESG "is not woke." [112]
With recent statements from Blackrock CEO Larry Fink indicating a move away from controversial ESG terminology and a reported loss of approximately $4 billion in managed assets tied to ESG ...
Another example came on an earnings call for BlackRock (), the world's largest money manager.CEO Larry Fink has been among the faces of the ESG movement in recent years thanks to his annual ...