https://www.businessinsider.com/climate-change-focal-point-of-blackrock-strategy-larry-fink-letter-2020-1

'A fundamental reshaping of finance': The CEO of $7 trillion BlackRock says climate change will be the focal point of the firm's investing strategy

Climate change will be at the center of $7 billion BlackRock's investment strategy, the firm's CEO Larry Fink announced on Tuesday.

In his annual letter to CEOs, Fink said that climate change will lead to a "fundamental reshaping of finance" and that the evidence on climate change is "compelling investors to reassess core assumptions about modern finance."

The move could signal a significant shift in investment banking and business as a whole. Fink's influential letter is highly regarded by CEOs and finance executives, and often sets the tone for the industry.

Fink warned that aside from the physical risks, climate change could also impact anything from municipal bonds to 30-year mortgages to inflation and interest rates.