- link Copy URL - [ Share on X ](https://twitter.com/intent/tweet?text=World's Largest Asset Management Firm Sees Opportunity in Stakeholder Capitalism & Sustainability https://www.3blmedia.com/markdownify/node/364101?absolute=1&via=3blnews "Share on X") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/364101?absolute=1 "Share on Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/364101?absolute=1 "Share on Facebook") - [ email Share via email ](mailto:?subject=World's Largest Asset Management Firm Sees Opportunity in Stakeholder Capitalism & Sustainability&body=ESG News from Governance & Accountability Institute https://www.3blmedia.com/markdownify/node/364101?absolute=1 "Share via email") [Media & Communications](/CSR-News/media-communications) # World's Largest Asset Management Firm Sees Opportunity in Stakeholder Capitalism & Sustainability ##### G&A's Sustainability Highlights (02.01.2022) Feb 3, 2022 12:30 PM ET Campaign: [SustainabilityHQ.com Weekly Highlights](/news/campaign/sustainabilityhqcom-weekly-highlights) [World's Largest Asset Management Firm Sees Opportunity in Stakeholder Capitalis…](https://www.ga-institute.com/nc/news/newsletter/press-release/article/worlds-largest-asset-management-firm-sees-opportunity-in-stakeholder-capitalism-sustainability.html) “I believe the de-carbonization of the global economy is going to create the greatest investment opportunity of our lifetime.” This bold prediction is part of the annual letter sent to CEOs of publicly-traded companies by CEO Larry Fink of BlackRock, the world’s largest asset management firm. BlackRock manages US$10 trillion in assets (as of end of 2021), of which $500 billion is in sustainable investments. Each year CEO Fink sets out the firm’s “expectations” of the companies it owns and shares perspectives on investment trends for leaders in the corporate sector. As explained by CEO Fink: “I write these letters as fiduciary for our clients who entrust us to manage their assets – to highlight the themes that I believe are vital to driving durable long-term returns and to helping them reach their goals.” A major theme for 2022: “Stakeholder Capitalism”, which is not about politics, or a social or ideological agenda, and not about “woke”. “It is capitalism,” CEO Fink declares, “driven by mutually beneficial relationships between you \[the corporate leader\] and the employees, customers, suppliers, and communities your company relies on to prosper. This is the power of capitalism.” In today’s globally interconnected world, the letter goes on, “a company must create value for and be valued by its full range of stakeholders to deliver long-term value for its shareholders.” These messages further advance the corporate sector’s moving away from the long-term emphasis on “shareholder primacy” as advanced by business thought leaders such as Professor Milton Friedman five decades ago. This emphasis on increasing profits to drive higher shareholder returns was adopted by many corporate leaders as the primary driver of their strategies and actions. In positioning “stakeholder capitalism,” the BlackRock CEO explains it is still about driving for profits: “Make no mistake, the fair pursuit of profit is still what animates markets; and long-term profitability is the measure by which markets will ultimately determine your company’s success.” And in the drive for profits, “It’s never been more essential for CEOs to have a consistent voice, a clear purpose, a coherent strategy, a and a long-term view. Your company’s purpose is its north star in this tumultuous environment.” Another important takeaway for members of boards and C-suite from BlackRock as influencer and thought leader: “We focus on sustainability not because we are environmentalists, but because we are capitalists and fiduciaries for our clients.” There is much more for thoughtful consideration by corporate leaders in CEO Fink’s letter, and we’re sharing it today along with media coverage in our Top Stories. This is just the introduction of G&A's Sustainability Highlights newsletter this week. [Click here](https://www.ga-institute.com/nc/news/newsletter/press-release/article/worlds-largest-asset-management-firm-sees-opportunity-in-stakeholder-capitalism-sustainability.html) to view the full issue. [![Governance & Accountability Institute, Inc.](/sites/default/files/Clients/GA-Logo-2020_Blue-Final-Vertical.png)](/profiles/governance-accountability-institute-inc) ### More from Governance & Accountability Institute ###### [G&A Institute Shares Key Updates From the SBTi’s Corporate Net-Zero Standard 2.0 Release](/news/ga-institute-shares-key-updates-sbtis-corporate-net-zero-standard-20-release) Oct 5, 2026 2:45 PM ET ###### [Proving Corporate Sustainability Pays](/news/proving-corporate-sustainability-pays) Sep 29, 2026 10:00 AM ET ###### [G&A Releases 15th Edition of Sustainability Reporting Trends](/news/ga-releases-15th-edition-sustainability-reporting-trends) Sep 16, 2026 10:00 AM ET ###### [Going After the Gatekeepers](/news/going-after-gatekeepers) Sep 10, 2026 10:00 AM ET ###### [G&A Institute To Host “Resilient Leadership” Webinar in Collaboration With S&P Global, Marking 25 Years of Insights on Sustainability Disclosure](/news/ga-institute-host-resilient-leadership-webinar-collaboration-sp-global-marking-25-years) Sep 8, 2026 12:55 PM ET ###### [G&A and Ceres Research Finds Lessons in Initial Voluntary Reports Under California’s SB 261](/news/ga-and-ceres-research-finds-lessons-initial-voluntary-reports-under-californias-sb-261) Sep 1, 2026 10:25 AM ET ###### [Saying Less, Doing More ](/news/saying-less-doing-more) Aug 20, 2026 10:00 AM ET ###### [New Issue Brief Breaks Down OECD’s Guidelines for Corporate Due Diligence on AI](/news/new-issue-brief-breaks-down-oecds-guidelines-corporate-due-diligence-ai) Aug 19, 2026 10:05 AM ET