CEOs saying that ESG improves financial performance, compared to 37% last year. On January 26, 2021, BlackRock released its annual Letter to CEOs, which is also commonly referred to as the Fink Letter. This test comes at a time when CEOs have made significant strides in tying ESG to profitability, with 70% of U.S. Fink’s letter comes a month into Russia’s invasion of Ukraine, as the United States and Western allies have banded together with heavy sanctions to launch an economic war on Russia that. Larry Fink (Alex Kraus/Bloomberg) Every year since 2012, BlackRock chief executive officer Larry Fink has published a public letter to the CEOs of his firm’s portfolio companies, calling for. “As the leading advocate for corporate social impact professionals, the frontline practitioners in the field of corporate social responsibility, the reality on the ground is that the value of their work has never been more important to their stakeholders – employees, customers, investors, and the communities in which they operate – and the long-term success of companies.”įrom the KPMG report: “With the potential recession testing CEOs’ commitment to their ESG strategies, reducing investment may lead to long-term financial risks.
BlackRocks long-term success depends on our ability to. CEOs found that 70 percent said their ESG programs improved their financial performance. As Ive written in my letter to CEOs, I believe that profit and purpose are inextricably linked. “Larry Fink’s letter says more about today’s toxic political environment than it does about Blackrock or the ongoing commitment to corporate and environmental impact in boardrooms across the globe. BlackRock, among the first firms in any industry to focus on ESG investing, came under especially heavy fire. “Larry Fink’s letter says more about today’s toxic political environment than it does about Blackrock or the ongoing commitment to corporate and environmental impact in boardrooms across the globe,” said Carolyn Berkowitz, president and CEO of ACCPįairfax, VA – Carolyn Berkowitz, president and CEO of the Association of Corporate Citizenship Professionals (ACCP), the nation’s leading advocate for corporate social impact professionals, released the following statement in response to Blackrock CEO Larry Fink’s letter to investors and chief executives:
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