Laurence D. Fink, founder and owner of BlackRock, and one of the most influential investors in the world with over $6 trillion in funds under management, is keen to shake up the business community.
As this article explains, Mr. Fink is taking aim at the companies he invests in, and he has a very important message: companies need to do more than just make profits – they need to contribute to society as well if they want to receive his firm’s support.
Aither is a B Corp. That means we have voluntarily decided to meet higher levels of social and environmental performance, accountability and transparency. We are encouraged by this important shift in the business community, and hope that it signals emergence into the mainstream of the values the B Corp movement has been championing for some time now. I personally find it exciting to be part of a team that seeks to have a positive impact on the environment and communities that depend on natural resources – both here and overseas.
“Society is demanding that companies, both public and private, serve a social purpose,” he wrote in a draft of the letter that was shared with me. “To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.”