Larry Fink quotes

Larry Fink is a prominent American businessman and CEO of BlackRock, the world's largest investment management firm. With over 30 years of experience in the financial industry, Fink has built a reputation as a visionary leader. He is known for his strategic thinking and strong commitment to sustainability and corporate responsibility. In addition to his role at BlackRock, Fink serves on the boards of several organizations, including the World Economic Forum. Learn more about Larry Fink and his impact on the financial world.

There is no company whose business model won’t be profoundly affected by the transition to a net-zero economy – one that emits no more carbon dioxide than it removes from the atmosphere by 2050, the scientifically-established threshold necessary to keep global warming well below 2ºC.

- Larry Fink

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

The next 1,000 unicorns won’t be search engines or social media companies, they’ll be sustainable, scalable innovators – startups that help the world decarbonize and make the energy transition affordable for all consumers.

- Larry Fink

Stakeholder capitalism is not about politics. It is not a social or ideological agenda. It is not ‘woke’.

- Larry Fink

Putting your company’s purpose at the foundation of your relationships with your stakeholders is critical to long-term success.

- Larry Fink

Over the long-term, environmental, social and governance (ESG) issues — ranging from climate change to diversity to board effectiveness — have real and quantifiable financial impacts.

- Larry Fink

Our conviction at BlackRock is that companies perform better when they are deliberate about their role in society and act in the interests of their employees, customers, communities, and their shareholders.

- Larry Fink

One of the key elements of human behavior is, humans have a greater fear of loss than enjoyment of success. All the academic studies will show you that the fear of loss of capital is far greater than the enjoyment of gains.

- Larry Fink

No relationship has been changed more by the pandemic than the one between employers and employees. Companies expected workers to come to the office five days a week. Mental health was rarely discussed in the workplace. And wages for those on low and middle incomes barely grew. That world is gone.

- Larry Fink

Most stakeholders – from shareholders, to employees, to customers, to communities, and regulators – now expect companies to play a role in decarbonizing the global economy.

- Larry Fink

It's never been more essential for CEOs to have a consistent voice, a clear purpose, a coherent strategy and a long-term view. Your company's purpose is its north star in this tumultuous environment.

- Larry Fink

It is through effective stakeholder capitalism that capital is efficiently allocated, companies achieve durable profitability, and value is created and sustained over the long-term. Make no mistake, the fair pursuit of profit is still what animates markets; and long-term profitability is the measure by which markets will ultimately determine your company’s success.

- Larry Fink

In today’s globally interconnected world, a company must create value for and be valued by its full range of stakeholders in order to deliver long-term value for its shareholders.

- Larry Fink

I personally have said many times I'd be a hundred percent in equities. That fits my risk profile and my views of the world, though obviously it's not appropriate for everyone. Most investors need a more diversified portfolio.

- Larry Fink

I am responsible for managing more schoolteachers' and firemen's money than anybody in the world. That's an enormous responsibility.

- Larry Fink

Governments and companies must ensure that people continue to have access to reliable and affordable energy sources.

- Larry Fink

Few things will impact capital allocation decisions – and thereby the long-term value of your company – more than how effectively you navigate the global energy transition in the years ahead.

- Larry Fink

Every company and every industry will be transformed by the transition to a net zero world. The question is, will you lead, or will you be led?

- Larry Fink

Engineers and scientists are working around the clock on how to decarbonize cement, steel, and plastics; shipping, trucking, and aviation; agriculture, energy, and construction. I believe the decarbonizing of the global economy is going to create the greatest investment opportunity of our lifetime.

- Larry Fink

Divesting from entire sectors — or simply passing carbon-intensive assets from public markets to private markets — will not get the world to net zero.

- Larry Fink

COVID-19 has also deepened the erosion of trust in traditional institutions and exacerbated polarization in many Western societies. This polarization presents a host of new challenges for CEOs. Political activists, or the media, may politicize things your company does. They may hijack your brand to advance their own agendas. In this environment, facts themselves are frequently in dispute, but businesses have an opportunity to lead. Employees are increasingly looking to their employer as the most trusted, competent, and ethical source of information – more so than government, the media, and NGOs.

- Larry Fink

Companies with a well-articulated long-term strategy, and a clear plan to address the transition to net-zero, will distinguish themselves with their stakeholders – with customers, policymakers, employees and shareholders – by inspiring confidence that they can navigate this global transformation.

- Larry Fink

Companies not adjusting to this new reality and responding to their workers do so at their own peril.

- Larry Fink

Climate risk is investing risk.

- Larry Fink

Capitalism has the power to shape society and act as a powerful catalyst for change. But businesses can’t do this alone, and they cannot be the climate police. That will not be a good outcome for society.

- Larry Fink

Capital markets have allowed companies and countries to flourish. But access to capital is not a right. It is a privilege. And the duty to attract that capital in a responsible and sustainable way lies with you.

- Larry Fink

BlackRock does not pursue divestment from oil and gas companies as a policy.

- Larry Fink

Assessing sustainability risks requires that investors have access to consistent, high-quality, and material public information.

- Larry Fink

As your industry gets transformed by the energy transition, will you go the way of the dodo, or will you be a phoenix?

- Larry Fink

Any plan that focuses solely on limiting supply and fails to address demand for hydrocarbons will drive up energy prices for those who can least afford it, resulting in greater polarization around climate change and eroding progress,

- Larry Fink