Among the key takeaways from BlackRock Chair & CEO Larry Fink’s recent dialogue with the US and European Audit Committee Leadership Networks in connection with their annual summit were Mr. Fink’s reiteration of BlackRock’s view that any SEC-mandated Scope 3 emissions disclosure should be phased in and accompanied by a safe harbor (see also this relevant commentary), and its support for hydrocarbon companies (see “BlackRock Commits”) (see also here) to effect a smooth transition to a net zero economy, which will take time.
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This post first appeared in the weekly Society Alert!