BlackRock's Larry Fink must think again over tackling climate crisis

The accusation is not that the company is doing nothing but how
hard is it pushing?

Here’s a good question for Larry Fink, the BlackRock
billionaire, to address when he dispatches his lofty annual “dear
CEO” letter in the new year. Is his firm guilty of
“greenwashing”? In other words, is the world’s biggest fund
manager, with an astonishing $7tn of assets under its roof, posing
as a pioneer of climate activism while actually dragging its
feet?

The accusation
was made by Sir Christopher Hohn
, another fund management
billionaire. His hedge fund, TCI, is warning companies to improve
their disclosures on carbon emissions and actions to reduce
pollution, or face votes against the re-election of directors. But
his pointed criticism of BlackRock was almost as significant. Hohn
said out loud what others say in private: that Fink’s declared
environmental concerns are not matched on the ground by
BlackRock’s fund managers.

Source: FS – All-News2-Economy
BlackRock's Larry Fink must think again over tackling climate crisis