Larry Fink's Letter to CEOs

The impact investing field just signed on a significant new champion: BlackRock, the world’s largest asset manager. In his annual letter to CEOs of the companies in the firm’s investment porfolio, BlackRock Founder, Chairman and CEO writes: “Society is demanding that companies, both public and private, serve a social purpose.” He builds on last year’s letter that pressed for a long-term investment view and announced BlackRock’s intent to be more deeply engaged with the companies in which it invests, pressing for leadership in environmental, social and governance matters.