Updated: Oct 25, 2021
Forbes, 18 February 2021
It’s been a long time coming. For those of us who have been innovating and investing in sustainable finance for the past decade, 2021 may be the watershed moment we’ve been waiting for where climate investing goes mainstream, galvanizing both Wall Street and Main Street to hop on the climate bandwagon.
We need to look no further than Larry Fink’s January 2021 letter where he and BlackRock BLK-1% continued to use their considerable heft as a $9T asset manager to incite Wall Street investors to insist on more climate reporting and metrics from companies. While we can all debate whether BlackRock should go further than it has in committing itself to a carbon-free portfolio, as Andrew Ross Sorkin said last month in the New York TimesNYT+1.5%, the real impact of these letters is the water cooler conversations that they will provoke, ultimately forcing climate finance and innovation to be part of everyone’s investor conversations.