BlackRock pushes companies to set more ambitious climate targets

New York (AFP) – The head of the world’s largest asset manager BlackRock on Tuesday called for companies to explain how they plan to reduce their net greenhouse gas emissions by 2050. “I believe that the pandemic has presented such an existential crisis — such a stark reminder of our fragility — that it has driven us to confront the global threat of climate change more forcefully and to consider how, like the pandemic, it will alter our lives,” Larry Fink wrote in his annual letter to chief executives. “We are asking companies to disclose a plan for how their business model will be compatibl…

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