2024-05-07T22:13:29-04:00 https://archinect.com/news/article/150178904/are-global-investment-firms-going-green Antonio Pacheco 2020-01-15T18:59:00-05:00 >2020-01-15T23:57:43-05:00 <img src="https://archinect.gumlet.io/uploads/04/046684f504b1827507c4c45e8897f0a2.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>BlackRock, the world's largest asset management firm, has announced that it will use climate risk assessments and environmental sustainability as guiding metrics for how it makes investment decisions moving forward. The impact of this shift could have profound changes for the architecture and construction industries.&nbsp;</p> <p>The announcement comes from BlackRock CEO Laurence D. Fink via an <a href="https://www.blackrock.com/us/individual/larry-fink-ceo-letter" target="_blank">annual investment forecasting letter</a>&nbsp;sent out to customers at the start of the year. In the letter, Fink writes "Even if only a fraction of the projected impacts [of climate change are] realized, this is a much more structural, long-term crisis.&nbsp;Companies, investors, and governments must prepare for a significant reallocation of capital."</p> <p>Fink adds, "The evidence on climate risk is compelling investors to reassess core assumptions about modern finance." And as a result, the firm will seek to prioritize investments in that divorce themselves from fossil fuel industries, provide public transparency to the ...</p>