Campaigners Urge CEO Larry Fink to heed his own words and define BlackRock’s social purpose

NEW YORK, N.Y. – Some of the country’s largest environmental and human rights groups issued a challenge1 to BlackRock at its annual shareholder meeting today, daring the world’s largest asset manager to take greater leadership on climate change following ambitious statements by BlackRock’s CEO calling on corporations to pursue ends beyond pure short-term profit.2

Directors of 10 global environmental organizations sent a letter to BlackRock CEO Larry Fink earlier this month, highlighting that the company’s current approach on climate change is inadequate and significantly more action is needed to align BlackRock’s investments with the goals of the Paris Climate Agreement.3  As shareholders entered the company’s annual meeting this morning, a Larry Fink lookalike revised the CEO’s widely read statement to acknowledge the gravity of the climate crisis.

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