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Nevertheless, his letter may help that this change could happen a little faster. We need to pass through shades of brown to shades of green,” writes Fink. Investors want to support more climate and crypto startupsĪlthough Flink himself says that the decarbonization of the global economy is imperative for a sustainable future, he does not believe that this change will happen quickly. According to him, proof of the success of sustainable innovations is found in founders such as Elon Musk, who, according to Forbes, is currently the richest person in the world with a net worth of $266.5 billion. “ We focus on sustainability not because we’re environmentalists, but because we are capitalists and fiduciaries to our clients,” says Fink. According to its own statements, it has already invested more than $4 trillion in sustainable technologies. Fink sees decarbonization in particular as the “biggest investment opportunity of our lives”.Īccording to the last quarterly report, the company currently manages $10 trillion. As a reminder: “Unicorns” are startups that are worth at least one billion US dollars. “ The next 1,000 unicorns won’t be search engines or social media companies, they’ll be sustainable, scalable innovators – startups that help the world decarbonize and make the energy transition affordable for all consumers,” wrote Fink. That’s why he sees the next wave of successful startups primarily in sustainable business ideas. New unicorns will come from renewable energies Nuclear energy: The issue with nuclear energy in Europe

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“In today’s globally interconnected world, a company must create value for and be valued by its full range of stakeholders in order to deliver long-term value for its shareholders,” Fink said in his letter and continued: “ Putting your company’s purpose at the foundation of your relationships with your stakeholders is critical to long-term success.” This year, Larry Fink calls on CEOs to take a longer-term view and stop neglecting society’s concerns. Since 2012, investors have been eagerly awaiting the annual letter from Larry Fink, head of the world’s largest asset manager Blackrock. Because of Blackrock’s sheer size and influence, the letter is seen by many as an indicator of future investment trends.

Abby fink gray scalable phone