BlackRock Inc. defended its backing of sustainable investing, telling 19 Republican state attorneys general that climate change is a top concern for its clients and a key risk to consider in financial decisions.
“Investors and companies that take a forward-looking position with respect to climate risk and its implications for the energy transition will generate better long-term financial outcomes,” Dalia Blass, BlackRock’s head of external affairs, said in a letter released Wednesday. “These opportunities cut across the political spectrum.”
