Capital Flows, Financials, Sector Focus

‘Not the role of BlackRock’ to engineer climate transition, Fink says

Larry Fink_BlackRock CEO
BlackRock CEO Larry Fink says it is for governments to be the ‘environmental police’, not asset managers. (Photo: Thos Robinson/Getty Images)

BlackRock chief executive Larry Fink says it is for governments, technology and consumers to set the pace of decarbonisation. The world’s largest asset manager will focus on understanding what decarbonisation means for its clients, its chief executive has said, rather than trying to deliver any particular result. In his annual ...

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