By Helle Bank Jorgensen, CEO, B. Accountability and member of the A4S Expert Panel Larry Fink, the CEO of the world’s largest asset management firm, BlackRock, is looking for a Sense of Purpose. BlackRock manages USD 1.7 trillion in Active Funds and has been calling for a purposeful approach to business practices for a while now. In his latest letter to CEOs, Larry Fink writes, “To prosper over time, every company must not only deliver financial performance but also show how it makes a positive contribution to society.” He adds, “Without a sense of purpose, no company, either public or private, can achieve its full potential. It will ultimately lose the license to operate from key stakeholders.” BlackRock is the latest of a growing list of mainstream investors who are backing initiatives such as Principles for Responsible Investment (PRI) and the Task Force on Climate-related Financial Disclosures (TCFD). Response from Board of Directors The letter that Mr. Fink sent to CEOs had an impact. It was read by Executive Leadership teams as well as the Board of Directors of the world’s largest companies. As a Board facilitator, I know that the letter has resulted in internal discussions about societal […]

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