Guest Blog: 3 ways to tell if corporations are genuine about fighting climate change
Experts offer criteria for separating legitimate climate plans from hollow claims Guest blog: Geoff Dembicki (@GeoffDembicki) a Climate journalist and author. Originally published on ensia and can be read here. February 25, 2020 — When Larry Fink announced in mid-January he’d be putting solving the climate emergency at the center of his US$7.43 trillion investment company BlackRock’s strategy, even long-time critics acknowledged it was a huge deal. “It takes leadership and a certain kind of courage to admit that change is needed,” wrote Sierra Club executive director Michael Brune at CNBC. “Now we must keep the pressure on.” BlackRock had earlier stated a commitment to “sustainability,” yet for years faced pressure from the Sierra Club and others over its investments in fossil fuels and Amazon deforestation. In a letter last month to shareholders, Fink promised measurable change: BlackRock would no longer invest in companies deriving 25% or more of their revenues fro...