This year’s chairman’s letter from BlackRock CEO Larry Fink, published Wednesday, gives less emphasis to climate risk and environmental, social and governance investments than past letters — but doesn't play down the substance.
Over the last week, BlackRock has come under fire from both Republican anti-ESG crusaders in the US Congressfor taking too much action on climate change, and from an activist investor in the firmfor taking too little.
A Times investigation revealed a coordinated effort by state treasurers to use government muscle and public funds to punish companies trying to reduce greenhouse gases.
Legislators and their allies are running an aggressive campaign that uses public money and the law to pressure businesses they say are pushing “woke” causes.
