BlackRock is walking a fine line in what has become one of the most hot-button culture war issues that red America calls woke capitalism.
— where money should be invested. He explained their position at length under a section titled: “Helping clients navigate and invest in the global energy transition.”
“We have clients who want to invest in ways that seek to align with a particular transition path or to accelerate that transition. We have clients who choose not to,” Mr. wrote. “We offer choice to help clients reach their investment goals, and we manage their assets consistent with their objectives and guidelines.”‘s more neutral stance is in contrast to his 2020 investor letter, which stated the firm “does not see itself as a passive observer in the low-carbon transition.”
“We believe we have a significant responsibility — as a provider of index funds, as a fiduciary, and as a member of society — to play a constructive role in the transition,” he wrote at the time.said this time around that whether or not clients may agree with climate investing, there’s money to be made.
“Some of the most attractive investment opportunities in the years ahead will be in the transition finance space,” Mr.
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