{"id":33,"date":"2020-01-16T21:15:31","date_gmt":"2020-01-16T21:15:31","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=33"},"modified":"2020-01-16T21:15:39","modified_gmt":"2020-01-16T21:15:39","slug":"blackrock-is-all-in-on-sustainability-why-it-matters","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/blackrock-is-all-in-on-sustainability-why-it-matters\/","title":{"rendered":"BlackRock is All In on Sustainability – Why it Matters"},"content":{"rendered":"\n

As we have reported at ESGToday, BlackRock, the world\u2019s largest investment manager, has been particularly active on boosting its sustainability profile over the past few days. Last week, the company joined Climate Action 100+<\/a>, a network of investment managers dedicated to promote cleaner practices among large corporations. Subsequently, BlackRock CEO Larry Fink published a letter<\/a> to CEOs focused on climate change and putting sustainability at the core of BlackRock\u2019s investment process.<\/p>\n\n\n\n

We believe BlackRock\u2019s new focus on sustainability marks the\nbeginning of a fundamental shift in the investment management universe, namely\nthe emergence of ESG as the most significant and pervasive investment theme of\nthe next decade.<\/p>\n\n\n\n

As Mr. Fink points out in his letter to CEOs, climate change\nwill have major implications on economic growth and prosperity, yet it is \u201ca\nrisk that markets to date have been slower to reflect.\u201d We believe this to be\ntrue not just of environmental stewardship, but of all ESG risks. ESG issues,\nfrom climate change, to rising pharmaceutical pricing, to workplace safety, are\nincreasingly front and center in media, politics, and social media\u2026 yet are all\nbut absent in the decision-making process of professional investment managers. But\nwe believe this is beginning to change.<\/p>\n\n\n\n

In our experience, this change takes place in several\nstages. <\/p>\n\n\n\n

First, professional investment managers become aware of the\nrelevance of ESG issues by catering to the requests of socially-conscious\nclients, who don\u2019t want to be funding companies or projects that don\u2019t align\nwith their values. Consider, for example, a charitable foundation that wants to\navoid owning fossil fuel-producing assets.<\/p>\n\n\n\n

From there, ESG awareness becomes a process of risk\nmanagement \u2013 such as avoiding companies that are more likely to suffer losses\ndue to weak governance, or with exposure to environmental fines. <\/p>\n\n\n\n

Finally, we believe that ESG investing will become an\ninvestment theme that portfolio managers will pursue actively \u2013 looking for\ncompanies that will benefit from these evolving trends. As stated in the\nBlackRock letter:<\/p>\n\n\n\n

\u201cThese questions are driving a profound reassessment of risk and asset values. And because capital markets pull future risk forward, we will see changes in capital allocation more quickly than we see changes to the climate itself. In the near future \u2013 and sooner than most anticipate \u2013 there will be a significant reallocation of capital<\/strong>.\u201d<\/p><\/blockquote>\n\n\n\n

As investors, we know that significant reallocation of\ncapital creates significant opportunities. We believe the best forward-looking\nmanagers will be able to use ESG strategies, not just to avoid risk, but to\ncreate superior long-term returns, making ESG investing one of the most powerful\ninvestment themes in the coming years.<\/p>\n\n

\n <\/div>\n\n<\/span>","protected":false},"excerpt":{"rendered":"

As we have reported at ESGToday, BlackRock, the world\u2019s largest investment manager, has been particularly active on boosting its sustainability profile over the past few days. Last week, the company joined Climate Action 100+, a network of investment managers dedicated to promote cleaner practices among large corporations. Subsequently, BlackRock CEO Larry Fink published a letter […]<\/p>\n","protected":false},"author":2,"featured_media":34,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[5,2],"tags":[],"acf":[],"yoast_head":"\nBlackRock is All In on Sustainability - Why it Matters - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/blackrock-is-all-in-on-sustainability-why-it-matters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BlackRock is All In on Sustainability - Why it Matters - ESG Today\" \/>\n<meta property=\"og:description\" content=\"As we have reported at ESGToday, BlackRock, the world\u2019s largest investment manager, has been particularly active on boosting its sustainability profile over the past few days. Last week, the company joined Climate Action 100+, a network of investment managers dedicated to promote cleaner practices among large corporations. 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