"Given how central the energy transition will be to every company’s growth prospects, we are asking companies to disclose a plan for how their business model will be compatible with a net-zero economy -- that is, one where global warming is limited to well below 2ºC, consistent with a global aspiration of net-zero greenhouse gas emissions by 2050," Fink wrote.
BlackRock, which manages some $7 trillion for investors, made headlines early last year when Fink announced that climate change would be the focus of its investment strategy going forward.In his letter Tuesday, Fink highlighted how he believes prioritizing climate change is not just good for the planet, but also good for business and investments.
There won't be Blackrock by 2050.
That will be easy for me. I'll be dead. Check please!!