NEW YORK -- Larry Fink of BlackRock, the world's largest asset manager, is nudging companies to step up efforts on global warming by inquiring about how they will move to a climate-friendly economy.
"Given how central the energy transition will be to every company's growth prospects, we are asking companies to disclose a plan for how their business model will be compatible with a net zero economy -- that is, one where global warming is limited to well below 2 degrees C, consistent with a global aspiration of net zero greenhouse gas emissions by 2050," wrote Fink, BlackRock's chairman and CEO, in his just-published annual letter to chief executives.
