Fink Says BlackRock Doesn’t Want to Be ‘Environmental Police’

BlackRock Inc. Chief Executive Officer Larry Fink said his firm and other asset managers shouldn’t be responsible for ensuring that their portfolio companies are doing their part to protect the planet.

“I don’t want to be the environmental police,” Fink said Thursday in a Bloomberg Television interview. “It’s wrong to ask the private sector” to take on such a role, he said.

WATCH: Larry Fink says BlackRock doesn’t want to be “environmental police.”

Source: Bloomberg

Fink, 69, has positioned BlackRock, the world’s largest asset manager, as a leading advocate of investing with environmental, social and governance goals in mind, saying climate change is an investment risk that clients need to take ...