> I'm not sure why the hate I'm still in the camp of "I'll believe it when I see it". > Fink doesn’t own that $7 trillion of assets, he manages it as a fiduci

> I'm not sure why the hate I'm still in the camp of "I'll believe it when I see it". > Fink doesn’t own that $7 trillion of assets, he manages it as a fiduciary for others, and it is obviously wise for him to say that this initiative is client-driven. But it’s also helpful for him if that’s true. This letter will get attention, and if BlackRock’s biggest and most vocal clients think it’s bad then they might take their money from BlackRock and give it to some other, less environmentally committed manager. Or the investors don't actually think that it _is_ good, just that it _looks_ good to publish such a statement (and not actually enforce it), the same way that Autodesk is just parading "sustainability" as a marketing statement.