MIT GCFP 9th Annual Conference (online) - Virtual Fireside Chat with Larry Fink, Chairman & CEO of BlackRock Inc.
What Larry Fink said
Written from the verified transcript and checked against it. Every figure links to the moment it was said.
Larry Fink said finance is at the very beginning of understanding climate risk, and capital markets are moving faster than society. He argued divestiture is a bad answer, citing a sister university's decision, and urged engagement with hydrocarbon companies instead. He warned that current policies change supply without changing demand, causing inflation and energy shortages, and called for a just transition. On disclosures, he advocated for transparency but opposed scope three reporting, fearing it would make companies the 'environmental police' and push assets to private markets. He said fiduciary duty and stakeholder focus are consistent, and that BlackRock is building Aladdin Climate to analyze climate risk. He proposed reimagining the IMF and World Bank to provide first loss protection, citing a $1 trillion annual need for emerging markets versus $150 billion flowing now. He urged attendees to focus on long-term policies and predicted the next 50 unicorns will be sustainability-related.
Key takeaways
Fink said divestiture is greenwashing and does not change the world's carbon footprint.
Fink proposed IMF and World Bank provide first loss protection to attract private capital to emerging markets.
Fink said the emerging world needs $1 trillion a year for transition, but only $150 billion flows now.
Fink said BlackRock will roll out Aladdin Climate to beta clients in the next few weeks.
Fink predicted the next 50 unicorns will be sustainability-related technologies.
Numbers and commitments
Figure
What it refers to
Type
At
$1 trillion
annual investment needed for emerging world transition
5:52... transition presents a historic investment opportunity.' So, my question for you is, where do you think the market is in terms of pricing in climate risk, and what do you see as the greatest opportunities related to the green transition?
14:11So could you comment on what you see as the main challenges related to these disclosures and what should and could be done to create an industry-wide standard?
20:55Do you feel like the interests of shareholders and stakeholders more broadly are in conflict?
29:07And why do you think actually that first loss protection is necessary to spur the energy transition in emerging markets?
39:09And I just want to know what call to action do you have for our attendees?
Fink, L. (2026, May 28). MIT GCFP 9th Annual Conference - Virtual Fireside Chat with Larry Fink [Interview transcript]. MIT Golub Center for Finance and Policy. CEOInterviews.AI. https://ceointerviews.ai/interview/947944/
MLA
Larry Fink. "MIT GCFP 9th Annual Conference - Virtual Fireside Chat with Larry Fink." MIT Golub Center for Finance and Policy, 28 May. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/947944/.
BibTeX
@misc{fink2026_947944,
author = {Larry Fink},
title = {MIT GCFP 9th Annual Conference - Virtual Fireside Chat with Larry Fink},
howpublished = {Interview transcript, MIT Golub Center for Finance and Policy. CEOInterviews.AI},
year = {2026},
month = {may},
url = {https://ceointerviews.ai/interview/947944/},
note = {Speaker-attributed transcript with timestamps}
}
