Insights for 1-17-20

"Climate change has become a defining factor in companies’ long-term prospects. Last September, when millions of people took to the streets to demand action on climate change, many of them emphasized the significant and lasting impact that it will have on economic growth and prosperity – a risk that markets to date have been slower to reflect. But awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance."

BlackRock chairman and chief executive officer Larry Fink, writing in his annual letter to CEOs of the companies BlackRock invests in on behalf of its clients.