Larry Fink's 2022 letter to CEOs

Marcia Moffat: Hello and welcome to BlackRock in Canada. We have been here in Canada for 30 years. 

And we employ over a 100 people and manage $260 billion of assets, we’re proud to have deep and longstanding roots in this country. 

Our purpose both in Canada and globally is to help more and more people experience financial well-being by making investing simple and accessible.

We partner with Canada’s leading institutions like corporate pension funds and insurers to help them create value for their stakeholders and clients. Through our iShares franchise, we offer investment solutions to help investors of all kinds achieve sustainable financial well-being. In every decision we make, we put our clients first.
 
Last year, in January 2020, we published a letter setting out our ambitions for BlackRock to play a leadership role as a sustainable investor for our clients, on whose behalf we invest. I am delighted to say that, since then, we have delivered some good progress. 
 
• Few highlights include that, today, all of our active and advisory strategies are ESG integrated – covering US$2.7 trillion in assets;
 
• we introduced 93 new sustainable solutions in 2020, helping clients allocate billions of dollars to sustainable investment strategies over the year;
 
• and we have added 1,200 sustainability metrics to our technology platform to help clients better understand ESG and physical climate risks.
 
Now, we’re in 2021, and we are pushing ahead once again. We have announced a set of actions that we are taking to help move our clients’ portfolios – and the Canadian and global economies – towards the crucial target of net zero carbon emissions by 2050.
 
The net zero transition is an imperative for society and for the planet, and it will reshape the global economy, offering a number of exciting investment opportunities. This is an important moment for us all.
 
Whether you are an existing or prospective client, whether you are a possible future colleague, whether you are a business partner, or an interested member of society, welcome to BlackRock.”