Thought leadership and curated content for the public securities arenaWas it the heartbreaking photos of scorched koalas in Australia?
And because capital markets pull future risk forward, we will see changes in capital allocation more quickly than we see changes to the climate itself. My deep experience in mergers and acquisitions has seen me focus on transactions and governance in the financial services industry and government sector.Our insights can help you navigate the uncertainty.eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJuYW1laWQiOiJmY2M1OWUzZi1jMzM0LTQzOTYtOTBjMy1iNGFjMmZkZTkzN2UiLCJyb2xlIjoiQXBpVXNlciIsImlzcyI6Imh0dHA6Ly93d3cubWludGVyZWxsaXNvbi5jb20vYXJ0aWNsZXMvc3VtbWFyeS1ibGFja3JvY2staW52ZXN0bWVudC1zdGV3YXJkc2hpcC1yZXBvcnQtanVseS0yMDIwIiwiYXVkIjoiaHR0cDovL3d3dy5taW50ZXJlbGxpc29uLmNvbS9hcnRpY2xlcy9zdW1tYXJ5LWJsYWNrcm9jay1pbnZlc3RtZW50LXN0ZXdhcmRzaGlwLXJlcG9ydC1qdWx5LTIwMjAiLCJleHAiOjE1OTc1NjEyMDgsIm5iZiI6MTU5NzU2MDAwOH0.y1lQtqwLg2n5TuFOvgMhKTZupaKYEg_Y5wy8N8WYPo0http://www.minterellison.com/articles/summary-blackrock-investment-stewardship-report-july-2020eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJuYW1laWQiOiJiOTU2ZDE4MC05NzJlLTQyNjUtYmE3Ni0zMzA2YzE1NjI0YWUiLCJyb2xlIjoiQXBpVXNlciIsImlzcyI6Imh0dHA6Ly93d3cubWludGVyZWxsaXNvbi5jb20vYXJ0aWNsZXMvc3VtbWFyeS1ibGFja3JvY2staW52ZXN0bWVudC1zdGV3YXJkc2hpcC1yZXBvcnQtanVseS0yMDIwIiwiYXVkIjoiaHR0cDovL3d3dy5taW50ZXJlbGxpc29uLmNvbS9hcnRpY2xlcy9zdW1tYXJ5LWJsYWNrcm9jay1pbnZlc3RtZW50LXN0ZXdhcmRzaGlwLXJlcG9ydC1qdWx5LTIwMjAiLCJleHAiOjE1OTc1NjEyMDgsIm5iZiI6MTU5NzU2MDAwOH0.6me8-eaFXPdWwbFTnFn_aH6rDmsIP5L9OnwfWTCScM4http://www.minterellison.com/articles/summary-blackrock-investment-stewardship-report-july-2020 Who we are. (See this PubCo post.) That Statement outlined a “modern standard for corporate responsibility” that makes a commitment to all stakeholders and was signed by 181 well-known, high-powered CEOs. Sustainable indexes largely outperformed during the first quarter of 2020 amid market turmoil caused by the coronavirus pandemic, according to BlackRock Inc.’s latest sustainability report.
Sorry, your blog cannot share posts by email. Was it the protests outside of the company’s offices by climate activists? With $7 trillion under management, BlackRock has a loud voice. What will happen to the 30-year mortgage—a key building block of finance—if lenders can’t estimate the impact of climate risk over such a long timeline, and if there is no viable market for flood or fire insurance in impacted areas? However, , how persuasive will the letter be to the CEO of the largely state-owned Saudi oil company, of which BlackRock is reportedly the largest outside shareholder?What about more broadly—the big picture? This should include your plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines.”BlackRock will use the information to assess companies’ risk oversight and planning. Of its $7 trillion in assets under management, reportedly about $4.6 trillion is in index funds and ETFs (although ETFs can vary).Importantly for companies, Fink maintained that everyone needs to see a “clearer picture of how companies are managing sustainability-related questions. It also seems likely that BlackRock’s disclosure imperative and warning on holding boards and managements accountable for inadequate disclosure will sway many companies in which BlackRock invests. The purpose of engaging with companies on sustainability issues is to ensure that they are 'adequately managing and disclosing sustainability related risks and to hold them accountable if they are not'. In According to Fink’s letter, “[c]limate change has become a defining factor in companies’ long-term prospects.” Although he has seen many financial crises over the course of his long career, “Will cities, for example, be able to afford their infrastructure needs as climate risk reshapes the market for municipal bonds? Notably, in“the absence of robust disclosures, investors, including BlackRock, will increasingly conclude that companies are not adequately managing risk. Read now. BlackRock puts sustainability at the center of investment strategy, expects more transparency in sustainability disclosure Was it the heartbreaking photos of scorched koalas in Australia?