In direct response to our campaign demands, BlackRock – the largest investor in fossil fuel industries worldwide – publicly committed to "fundamentally reshape finance to deal with climate change."

In his annual shareholder letter, CEO Larry Fink outlined significant new policy commitments for BlackRock, including an divesting from coal and holding the companies that they finance to a new standard of environmental sustainability.

This announcement comes following sustained pressure from the BlackRock's Big Problem campaign. Among other demands, we call on BlackRock to divest from fossil fuels, push the companies it controls to align with the Paris Climate Agreement, and use its status as the industry leader to compel other investors to follow suit.