Photo by Red Zeppelin on Unsplash
BlackRock CEO Larry Fink addressed CEOs in his 2022 annual letter about the need to embrace decarbonization. Larry remarked that the world is driving towards a CO2-free economy, which he believes will create the highest investment opportunity current CEOs may witness in their lifetime. As a result, Larry said companies that want to secure high investment returns for decades must embrace decarbonization.
Larry said BlackRock now focuses on sustainability because it values its clients and protects their interests. BlackRock had over $10 trillion in assets under its watch in the fourth quarter of 2021 and managed over $509 billion in sustainable investment. He also urged the government to support companies in the green energy transition by creating sustainability policies and regulations and investing in innovations and technology essential for decarbonization.
Larry revealed that sustainable startups that will innovate affordable green energy solutions would be part of the next 1,000 unicorns. He also said the unicorns would include existing companies that grab the sustainability wheel. #LetsGoLarry
