BlackRock CEO Larry Fink says within the next 5 years all investors will measure a company’s impact on society, government, and the environment to determine its worth
- BlackRock CEO Larry Fink said at the New York Times Dealbook Conference on Thursday that within five years, all investors will be using ESG (environmental, social, and governance) metrics.
- In January, Fink wrote in his annual letter to CEOs that all companies must outline their purpose.
- Fink explained his prediction is based on a demand from consumers and employees.
- This article is part of Business Insider’s ongoing series on Better Capitalism.
When BlackRock CEO Larry Fink proclaimed in his annual letter in January that, “To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society,” he says he wasn’t doing it “to be en vogue,” or, as Wall Street Journal columnist Holman W. Jenkins, Jr. wrote, to “buy indulgences” with the public.