BlackRock, the world’s largest investor, says climate-related risks will be at the top of its engagement agenda this year.
Larry Fink, BlackRock. Photo: Shutterstock
BlackRock, the world's largest investor, has said that climate risk will be a key issue for engagement in 2017.
The investor's statement also offers an early sign that it expects directors to heed the advice issued recently by the Task Force on Climate-Related Financial Disclosures TCFD), a board set up by the Financial Stability Board and led by Michael Bloomberg.
And BlackRock will expect the directors of some companies to know their climate risks in detail.
The news comes in a statement issued by the fund manager to clarify its core engagement concerns and the procedures it will follow with engagement.
"Over the course of 201
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