Presidential hopeful Warren latest to press BlackRock on climate
ENVIRONMENT FEBRUARY 26, 2020 / 9:09 AM / UPDATED 21 MINUTES AGO
Ann Saphir, Ross Kerber
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 (BLK.N) 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 the climate crisis on American companies,” the letter states.
A BlackRock representative said the company is reviewing the letter.
https://www.reuters.com/article/us-usa-election-warren-blackrock/presidential-hopeful-warren-latest-to-press-blackrock-on-climate-idUSKCN20K230?il=0
