BlackRock boss Fink calls for company ESG revolution

'Every company must make a positive contribution to society'

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BlackRock CEO Laurence Fink. Photo: Jolanda Flubacher/World Economic Forum/Creative Commons CC BY-NC-SA 2.0
Image:

BlackRock CEO Laurence Fink. Photo: Jolanda Flubacher/World Economic Forum/Creative Commons CC BY-NC-SA 2.0

BlackRock's CEO Laurence Fink has written a landmark letter to the world's largest listed firms warning they will only fulfil their potential if they have a "sense of purpose" when it comes to environmental, social and governance (ESG) issues.

The chief executive of the world's largest asset management firm, which manages almost $6trn in assets under management (AUM), yesterday wrote to large-cap bosses to call for a revolution in how they engage...

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