At the beginning of each year, Larry Fink, CEO of BlackRock writes two letters, one addressed to the CEOs of the world, and another letter addressed to his clients.
Discover Climate Change
At the beginning of each year, Larry Fink, CEO of Blackrock writes two letters, one addressed to the CEOs of the world, and another letter addressed to his clients.
This year, in his letter directed to the CEOs of the world, he makes us reflect on what humanity lived during 2020 and how the consequences of the pandemic have been quite unfair.
Job losses, crises for many people, changes in the way we work, move, learn, have access to health systems and more. At the same time, innovative companies that worked to serve, the record acceleration for the creation of vaccines, the response of businesses to racial equality and most of all the movement to confront climate risk.
He talks about how from January to November 2020 $288 billion dollars were invested in sustainable assets, which represents an increase of 96% compared to 2019, and predicts that this represents the beginning of a long but accelerated transition that presents an opportunity for historical investment.
In addition to all this, Fink reminds us how it was that during 2020, governments such as China, the US, Japan and South Korea, made historic commitments to achieve zero emissions, and with the return of the US to the Paris agreement, 127 governments are considering implementing the same commitments.
It ensures that there is no business model that won´t be profoundly affected by the transition to a "net-zero" economy.
The company that begins to prepare for the transition to going net-zero will stand out with its shareholders, partners, employees and customers, giving them the confidence that it has what it takes to navigate this global transformation, while companies that fail to do so will see their businesses suffer and their customers, shareholders, and employees will lose trust in them.
We must begin to inform ourselves to understand the ways in which we can join and not be left behind in taking action. The future depends on this. Let's turn to see climate change and let's turn to see companies that offer solutions.
Let's build a future for all.
Summit Health, a mexican dermocosmetic brand, it is now carbon neutral, and we are very proud to announce it today.
The people and communities are the guardians of this knowledge, so we must not only protect them, but also encourage them to continue practicing traditional medicine.