Politics
Elizabeth Warren Urges BlackRock’s Fink to Back Disclosure of Climate Risk
- Senators ask asset manager to go beyond sustainability pledge
- Law would reveal public companies’ exposure to climate change
Larry Fink
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Elizabeth Warren and three other Democratic senators are calling on BlackRock Inc. chief Larry Fink to back a proposed law that would require public companies to reveal their exposure to climate-related risk.
In an open letter to him dated Tuesday and announced on Wednesday, they wrote: “If BlackRock plans to live up to the commitments you made, we hope that you will go further by endorsing the reforms laid out in the Climate Risk Disclosure Act, and require companies in which you invest to issue public disclosures consistent with its requirements.” The letter was also signed by Cory Booker, Chris Van Hollen and Sheldon Whitehouse.