For the last several years, BlackRock has set the pace for how investment firms will drive ESG performance at portfolio companies. (See our 2020 and 2021 notes on BlackRock.) Larry Fink’s letter to the CEOs of BlackRock’s portfolio companies in January made headlines for its focus on relationships with employees and pushback on divestiture.
Nothing makes me want to put my head in my hands like imagining the U.S. Security Exchange Commission’s (SEC) anticipated “consistent, comparable, and reliable” rules on climate-related financial disclosures. Yet the more our team at Adamantine digs into this, the more opportunity we see for game-changing oil and gas companies.
Recent news confirms how important it is for your company to 1) get its political spending accounted for and 2) make this spending part of your climate leadership strategy.
Over the last 18 months, Both True readers have been watching BlackRock closely, following the world’s largest asset manager pivot to prioritizing climate action for its portfolio companies. But BlackRock isn’t the only firm generating investor momentum around climate action.
