”Larry Fink is Chief Executive of BlackRock. BlackRock’s portfolio weighs in at a cool US $4.6 trillion. So when he speaks it’s wise to listen. He has spoken. And what he has said, in a letter to top US and European CEOs, is the single most significant intervention ever made by an investor on CSR issues.
Business Insider managed to obtain a copy of this private letter and post it online. See http://uk.businessinsider.com/blackrock-ceo-larry-fink-letter-to-sp-500-ceos-2016-2?r=US&IR=T
The letter is complete and well-crafted. It deserves a read from beginning to end.
To help busy CSR/sustainability professionals here are my five top take-aways.
1 The owners’ needs must be paramount…….
2 Nothing happens without a framework…….
3 Executive pay must support long-term growth…..
4 Tax matters…..
5 Make it real…..”
Read details of article here: http://www.csrwire.com/blog/posts/1703-investor-esg-what-you-need-to-know-about-finks-quiet-earthquake
Source: Corporate Social Responsibility Newswire