NOW THE REAL MONEY IS GETTING THE MESSAGE, IS IT TOO LATE ?

Larry Fink is an American businessman and the co-founder, chairman, and CEO of BlackRock. His company is the world’s largest asset manager, with $8.59trn in assets under management as of December 31 2022. Fink started BlackRock in 1988 and initially focused on managing fixed-income assets, particularly mortgage-backed securities and other bond-related investments. So when the head of the biggest investment manager in the world says he believes the greatest investment opportunity of our lifetime is ‘decarbonisation’, the whole world should take notice. In his 2022 letter to CEOs, Fink wrote: “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.” Fink’s optimism about the investment potential stems from the fact that the decarbonisation trend is not just confined to a specific sector or industry. Instead, it’s a transformative force that will touch virtually every corner of the global economy. As societies shift toward greener practices and technologies, companies that embrace sustainability and adapt to this new reality are likely to thrive. On the flip side, companies that fail to adapt to the changing landscape and continue to rely heavily on carbon-intensive practices may face significant challenges. All we need now is for world leaders to stop wars and then maybe we can look forward to a safer world where children’s future will be protected.