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Companies Must Step Up to Tackle Climate Change, Says Larry Fink

  • Tackling climate challenge requires ‘real long-term planning’
  • Fink last week warned of the danger posed to businesses
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BlackRock CEO Larry Fink says he sees climate change becoming an investment risk.(Source: Bloomberg)

Government institutions can’t solely address climate change, placing a burden on companies to help deal with the issue, BlackRock Inc.’s Chief Executive Officer Larry Fink said.

Dealing with the challenge “requires real long-term planning,” Fink said in an interview with Bloomberg News editor-in-chief John Micklethwait. That doesn’t suit many governments, which operate on two-or four-year cycles, he said.