LONDON - BlackRock, the world's largest asset management firm, is warning that it may withdraw investments from companies which fail to commit to net zero emissions by 2050.
BlackRock chief executive Larry Fink has written to CEOs, and also to clients, explaining that a "tectonic shift" in the investment landscape was happening faster than he had expected.
He warned them that "no issue ranks higher than climate change" and that the coronavirus pandemic served as a "stark reminder" of the need to drastically combat climate-related risks.
