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To embed, copy and paste the code into your website or blog: In his 2020 annual letter to CEOs, Laurence Fink, CEO and Chair of BlackRock, the world’s largest asset manager, announced a number of initiatives designed to put “sustainability at the center of [BlackRock’s] investment approach.” According to Fink’s letter, “[c]limate change has become a defining factor in companies’ long-term prospects.” What’s more, he made it clear that companies needed to step up their games when it came to sustainability disclosure. (See this PubCo post.) At the Northwestern Law Securities Regulation Institute this week, former SEC Chair Mary Schapiro said that, at companies where she was on the board, Fink’s statement had “an enormous impact last year.”  Fink has just released his 2021 letter to CEOs, in which he asks companies to disclose a “plan for how their business model will be compatible with a net zero economy.” Will this year’s letter have the same impact? 

United statesLaurence finkMary schapiroBig fourWorld economic forum international business councilTask force on financial disclosuresWorld economic forumInternational business councilNorthwestern law securities regulation institutePublic healthHarvard chanTask forceClimate related financial disclosuresSustainability accounting standards boardWhile blackrockClimate disclosure standards board