The Quarterly: A key point you made in your letters is that we may see a “fundamental reshaping of finance,” with a significant reallocation of capital “in the near future.” How will that happen? Can you give an example? ![]() They raised many large questions about whether they should think about investing differently and whether they should add the lens of climate risk to their long-term investment strategy. ![]() Now, through the lens of sustainability and climate impact, how do I think about our strategy for today? Can we expect the same type of positive outcomes and liquidity? Should we factor in the physical impact on some of our investments-whether physical investments, like real estate, or municipal investments in cities and states?” And yet we’ve been great investors over the long run because our time frame is ten to 15 years. This client said, “We never think about climate change as a risk. One great question was asked by a client-I’d say among the smartest clients we have worldwide. Larry Fink: As finance now starts looking at potential climate risks, it raises so many different capital-allocation questions. The Quarterly: What were you hearing from your clients? What keeps them up at night? ![]() But then, in September, when I had meetings with the UN in New York City and then with the IMF in Washington, the urgency of the conversation became very clear to me. Climate risk was actually not a major component of the first draft. I was just writing down all the themes that I wanted to talk about. All this really hit me when I was sitting down to write my CEO letter, which I generally try to do right after the August break. At the same time, we were witnessing more evidence of the physical impact from climate change. And it was raised not just by our clients but by regulators and government officials. Larry Fink: Throughout the year, and more frequently as the year progressed, the question of climate change was raised by all our clients throughout the world, whether in Saudi Arabia or in Houston or in Sacramento or in Europe. The Quarterly: Why did you choose to concentrate on climate risk in your CEO and client letters this year? Fink is a member of the board of trustees for the World Economic Forum. Before founding the asset-management company, in 1988, Fink was a member of the Management Committee at The First Boston Corporation and served as a managing director there. ![]() Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.Larry Fink is the founder, chairman, and CEO of BlackRock. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Standard Digital includes access to a wealth of global news, analysis and expert opinion. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |