Presidential hopeful Warren latest to press BlackRock on climate [Reuters (UK)]
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Source: Reuters
Presidential hopeful Warren latest to press BlackRock on climate - Reuters 3 Min Read SAN FRANCISCO/BOSTON (Reuters) - U.S. Senator Elizabeth Warren, one of several vying to be the Democratic party’s presidential nominee, this week pressed the world’s largest asset manager for details on its recent vows to take more account of climate risks. The five-page letter, also signed by senators Sheldon Whitehouse, Cory Booker and Chris Van Hollen, is the latest outreach BlackRock Inc has received over sustainability matters and reflects the growing interest, at least among some Democrats, in making climate a business issue for financial firms. Among other things, the Warren-led group asked BlackRock Chief Executive Larry Fink whether he supports legislation that would require companies to disclose risks such as those tied to rising sea levels, and for details on how it plans to make use of sustainable funds. Currently, “investors lack access to basic information about the potential risk of th
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