Tag Archives: ESG investing principles

The top 5 takeaways from BlackRock head Larry Fink’s 2021 letter to CEOs

Contributor Tim Mohn, Fast Company

For years now, investment management company BlackRock’s CEO Larry Fink writes an annual letter, aimed at other business leaders that is eagerly anticipated by investors, companies—and increasingly—the global sustainability movement.

Having worked in sustainability for more than 30 years, it’s an odd experience to hang on every word of one of the world’s top capitalists. But BlackRock has nearly $9 trillion under management, so its decisions have important implications for the markets, and for the companies in which it owns stock. And Fink’s letters have been pushing sustainability for several years. This year’s letter—when paired with political shifts in Europe and the U.S.—will have an outsized impact. Read more here.

Tim Mohin is the chief sustainability officer for Persefoni AI. Formerly, Tim served as the chief executive of the Global Reporting Initiative and is the author of Changing Business from the Inside Out. He also held sustainability leadership roles with Intel, Apple, and AMD and worked on environmental policy within the U.S. Senate and U.S. EPA. 

Photo: BlackRock CEO Lawrence Fink

Additional Recommended Reading

Biden says tackling climate change will create jobs, bring economic recovery, ABC News
President Joe Biden took a series of actions on climate change on his seventh full day in office, fulfilling campaign promises such as freezing new oil and gas leasing on federal land and kicking off his ambitious agenda to reduce greenhouse gas emissions — making tackling climate change a priority across the federal government.

“Today is climate day in the White House, which means today is jobs day at the White House. We’re talking about American innovation. American products, American labor,” Biden said in remarks at the White House.

“In my view, we’ve already waited too long to deal with this climate crisis. We can’t wait any longer,” Biden said. “We see it with our own eyes. We feel it. We know it in our bones. And it’s time to act.”

The Road To A 100% Clean Economy

The 100% clean economy won’t be made in D.C.—it will be led by our businesses, our entrepreneurs, and tens of thousands of local civic and community leaders committed to creating a better future. 

Contributor Fred Krupp, Environmental Defense Fund President, Forbes

The 100% Clean Economy Act announced this week in Congress is the roadmap America needs to drive urgent action that matches the scale of the problem. It provides a starting point and a finish line for business and government working together to solve the climate crisis.

The bill, which will soon be introduced in the House by Rep. Donald McEachin of Virginia, will commit the U.S. to achieving net-zero greenhouse gas emissions by 2050. That means that by midcentury we’ll release no more climate pollution into the atmosphere than we can remove—across all sectors of the economy. This ambitious goal is consistent with what science tells us we need to do in order to help avoid the worst impacts of climate change. Read more here. 

ADDITIONAL RECOMMENDED READING

  • Markets and Technology May Hold Out the Real Green New Deal: Part I, Forbes
    For business, and especially for big companies with capital and the vision to use it wisely, there is no more pressing issue or greater opportunity than climate change. 
  • Markets and Technology May Hold Out the Real Green New Deal: Part II, Forbes
    There’s been heated debate about the application of environmental, social and governance (ESG) principles to investing. While the U.S. hasn’t yet caught up with Europe in adopting these measures, the tide is turning, with the percentage of American institutional investors spurning ESG outright having decreased this past year from over half (51 percent) to just over a third (34 percent), according to an annual investing survey. This means—following the ‘E’ in ESG—that more business leaders are ready to run with the notion that investing in decarbonization is not only good for the planet, it’s imperative to remain relevant in the market. 

CLIMATE CHANGE / CLIMATE ACTION NEWS

FEATURED RESOURCES

Center For Climate And Energy Solutions (C2ES): U.S. State Climate Action Plans
The Center for Climate and Energy Solutions is an independent, nonpartisan, nonprofit organization whose mission is to advance strong policy and action to reduce greenhouse gas emissions, promote clean energy, and strengthen resilience to climate impacts. A key objective is a national market-based program to reduce emissions cost-effectively. We believe a sound climate strategy is essential to ensure a strong, sustainable economy.

The Center For Climate Strategies
The Center for Climate Strategies (CCS) is a 501c3 nonprofit organization located in Washington, DC with a small business subsidiary, Collaborative Systems and Strategies, LLC (CSS). It provides government officials and stakeholders worldwide with the expertise and assistance needed to develop and implement solutions that meet immediate and long-term climate, economic, energy, environmental, and equity goals. CCS serves as a catalyst for actions at the national, state, provincial, and local levels in all economic sectors to meet the unique needs of each country and region.