There are some leaders in global finance who everyone sits up
and takes notice of. The former governor of the Bank of England,
Mark Carney, is one such figure. Christine Lagarde, president of
the European Central Bank, is another. Larry Fink, the CEO of the
world's largest asset manager BlackRock, is also a voice worth
listening to.
All three have something in common beyond being held in
universal high regard in the world of international finance;
they're all concerned by climate change as an existential
threat to life as we know and enjoy it today.
In a letter to CEOs at the start of this year, Mr Fink
wrote:
"The evidence on climate risk is compelling investors to
reassess core assumptions about modern finance."1 Mr Carney
and Ms Lagarde both spoke of the need to speed up climate risk
assessment and disclosure when they fronted the launch event for
the 2020 UN Climate Summit, due to take place in Glasgow in
December.
