Twitter LinkedIn
    Tuesday, May 24
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Environment & Sustainability»BlackRock’s Fink says investors demand sustainable strategies
    Environment & Sustainability

    BlackRock’s Fink says investors demand sustainable strategies

    February 20, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Companies that do not adopt sustainable business strategies can expect less investment as shareholders grow more focused on topics like climate change, BlackRock Inc CEO Laurence Fink said on Thursday. Fink said he has been telling corporate boards they will see “money moving in to more sustainable strategies. And if you’re not part of that construct you’re just going to see less equity demand for your shares.”

    Fink has made similar comments in the past but a recent report from Morningstar Inc showed how investors have followed his description, with BlackRock iShares ETFs taking in nearly half of the $51 billion in net new deposits that U.S. sustainable funds received in 2020. The latter figure was almost a quarter of total U.S. fund flows.

    Fink said he does not support the divesture of companies with high carbon emissions, as some have urged, since the companies could still operate. “To me that’s greenwashing,” he said, adding that “If a public company sells off a lot of their hydrocarbon business to a private entity, the world doesn’t change.”

     

    Read More

    Source: Reuters

    Reporting by Ross Kerber; Editing by Nick Macfie

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Environmental funds Investments Sustainability
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Vista Equity Partners Among the First Major U.S. Private Equity Firms to Advance Global ESG Strategy with Portfolio-Wide Participation in Climate Program

    May 23, 2022

    General Atlantic eyeing $2 bn investment in India, SE Asia

    May 23, 2022

    Software firm SpotOn valued at $3.6bn after Dragoneer-led funding round

    May 23, 2022

    ICG holds final close of Asia Pacific Fund IV ICG at $1.1bn

    May 23, 2022

    Comments are closed.

    Other Articles

    Bain Capital-owned Diversey aims for $6.38 billion valuation in U.S. IPO

    March 16, 2021

    Kainos Capital Sells Ferraro Foods to Kelso & Company

    April 7, 2021

    Silver Lake-backed HR platform provider First Advantage files for a $100 million IPO

    May 29, 2021

    Sun World to be acquired by private equity group Bridgepoint

    April 1, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?