Larry Fink says private companies create structural ESG problem
BlackRock CEO Larry Fink said the prevalence of private companies in supply chains has created a “structural problem” that means it’s not feasible to have corporations report all their ESG risks.
By Stephen Treloar and Alastair Marsh / Bloomberg
The comments from BlackRock’s CEO. Larry Fink, feed into a debate around the extent to which companies should be expected to report their so-called Scope 3 emissions, which reflect the carbon footprints of customers and suppliers. The US Securities and Exchange Commission has proposed that big emitters should be required to disclose Scope 3, as part of a sweeping plan to get corporations to report their climate impact.
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