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Business

American investment titans push back against Trump on green issues

BlackRock chief, others urge companies to think beyond the short term

RYUSHIRO KODAIRA, Nikkei senior staff writer | North America

TOKYO -- Institutional investors are voicing concern about the impact of U.S. President Donald Trump's administration on the environment and climate change.

Chairman and CEO Larry Fink of BlackRock, the world's biggest asset management company, writes leaders of global corporations annual letters that have lately called for creating enterprise value from a long-term perspective and an emphasis on environmental, social and governance issues. This year's letter likely sent a particularly strong message as multinational businesses are tested on their commitment to protecting the planet now that Trump has indicated that the U.S. will back out of the Paris Agreement on global warming.

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