Chief Executive Officer of BlackRock Inc. Larry Fink said it was wrong to demand from the private sector guarantees that the companies they invest in would contribute to the fight against climate change.
His firm and other large asset management companies should not be held responsible, the American financier was quoted as saying Bloomberg.
"I don't want to be an environmental police," Fink told Bloomberg Television on Thursday. "It's wrong to ask the private sector to take on that role."
According to the publication, 69-year-old Fink has positioned BlackRock, the world's largest asset management company, as a leading leader in environmental, social and governance (ESG) investment, claiming that climate change is an investment risk that customers must take into account.
The firm, which controlled nearly $ 9.6 trillion as of March 31, has been criticized by climate activists for even faster change and for those who want the transition to clean energy to be more gradual.
The latest BlackRock report states that the company will not support most shareholders' proposals for climate change because they are too extreme.
In the oil-rich state of Texas (USA), BlackRock worked this year to refute government officials' proposals to boycott fossil fuel companies through its promotion of sustainable investment.
Before EcoPolitic reported that Microsoft founder Bill Gates believes that people with a high level of intellect should build careers in companies whose work does not harm the climate.
