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BlackRock CEO Larry Fink is informing business leaders that their companies must contribute to society if they want to receive investment support from the $6 trillion behemoth. Fink may be the most influential figure yet to lend credence to trends of divestment and values-informed investing.
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"Society is demanding that companies, both public and private, serve a social purpose,” Fink writes in the letter. “To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.” The NY Times' Andrew Ross Sorkin adds: "It may be a watershed moment on Wall Street, one that raises all sorts of questions about the very nature of capitalism."
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