Attitudes toward climate risk and extreme weather events are rapidly changing. In January alone we witnessed the human and economic impacts of the Australian bush fires, deadly flash-floods in Tennessee and Alabama, and Storm Gloria battering Eastern Spain. BlackRock is a global investment manager that offers solutions for institutions financial professionals and individuals across the U.S. This year the CEO’s letter to BlackRock’s clients predicts a profound reassessment of risk and asset values in capital markets.
“In the near future—and sooner than most anticipate—there will be a significant reallocation of capital.” As a result, BlackRock is embracing sustainability as their new standard for investing.” Larry Fink, CEO, BlackRock
Every day GLY supports our clients in making critical investment choices about their building assets. We are often asked to help compare the merits of one system or approach over another. There is still a perception that “sustainability” comes at a premium. This helpful FAQ prepared by BlackRock helps articulate the investment benefits of resilient, sustainable buildings. Owners adopting more sustainable approaches and investing in the resilience of their physical assets will be favorably sought after in as we enter an era of significant capital reallocation where investors ask more of companies and of governments in both transparency and in action.