Larry Fink at BlackRock: Linking Motive to Profit

Larry Fink at BlackRock: Linking Motive to Profit

September 20, 2022

In 2014, Larry Fink started writing letters to the leaders of about a of the largest publicly listed companies, urging them to like in tips the importance of environmental, social, and governance (ESG) concerns.

Fink is the chairman and CEO of BlackRock, surely one of the largest asset administration homes on this planet. The agency’s success became rooted in its price-effective, passive funding products that rely on tracking indices and funds. However Fink wished his agency to recall with the companies in which they make investments and help them liable for his or her social and environmental impacts.

What scheme should calm traders play in urging alternate leaders to spend ESG concerns extra severely and imposing compliance? Harvard Commerce School professor George Serafeim discusses the merits of Fink’s methodology, the importance of company investments in ESG subject matters, and how to guide a firm pushed by reason and profit in his case, “BlackRock: Linking Motive to Profit,” and his modern e-book Motive and Profit: How Commerce Can Remove Up The World.