Overview
BlackRock, Inc. is an American multinationalinvestment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$10 trillion in assets under management as of January 2022.[2] BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.[7]
LARRY FINK'S 2022 LETTER TO CEOS: The Power of Capitalism
It’s never been more essential for CEOs to have a consistent voice, a clear purpose, a coherent strategy, and a long-term view. Your company’s purpose is its north star in this tumultuous environment... Putting your company’s purpose at the foundation of your relationships with your stakeholders is critical to long-term success.
Engineers and scientists are working around the clock on how to decarbonize cement, steel, and plastics; shipping, trucking, and aviation; agriculture, energy, and construction. I believe the decarbonizing of the global economy is going to create the greatest investment opportunity of our lifetime. It will also leave behind the companies that don’t adapt, regardless of what industry they are in. And just as some companies risk being left behind, so do cities and countries that don’t plan for the future.
Capitalism has the power to shape society and act as a powerful catalyst for change.
It was the partnership between government and the private sector that led to the development of COVID-19 vaccines in record time. When we harness the power of both the public and private sectors, we can achieve truly incredible things. This is what we must do to get to net zero.