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CC to drive investment shift

CC to drive investment shift 15 January 2020

Climate change to drive ‘massive’ investment shift (via BBC)

Concerns about climate change will drive a “fundamental reshaping of finance”, one of the world’s biggest money managers has said.

Larry Fink, who runs BlackRock, said the shift will happen “sooner than most anticipate”.

His company has announced “sustainable” versions of its traditional investment options to meet demand from clients. It has also said it would push firms to disclose more about a range of issues, including climate commitments.

While markets have been slow to reflect the worries about climate change, Mr Fink said the corporate world is now catching up.

Read more via BBC