BlackRock’s Larry Fink Defends Stakeholder Capitalism In Annual Letter To CEOs

BlackRock’s Larry Fink Defends Stakeholder Capitalism In Annual Letter To CEOs

BlackRock CEO Larry Fink on Tuesday defended the practice of ‘stakeholder capitalism’ which pushes businesses to embrace more socially conscious and sustainable practices, in his annual letter to corporate America, pushing back against critics of the movement who have tried to paint his actions as politically motivated and anti-business.

Larry Fink warned that companies that fail to slash their carbon footprint risk being left behind as ... [+] billions of dollars are poured into the fight against climate change.