Analysis
Fink’s remarks align with his **2020 annual letter to CEOs** (published January 14, 2020), where he declared climate change a defining investment risk and predicted a 'fundamental reshaping of finance' toward sustainability. His Davos comments were widely reported by financial media (e.g., *Bloomberg*, *CNBC*, *Financial Times*), with direct quotes matching the statement. While the phrasing may vary slightly in reports, the core claim—sustainability as a generational investment shift—is accurately attributed to him in this context.
Background
As CEO of **BlackRock** (the world’s largest asset manager), Fink has been a vocal advocate for **ESG (Environmental, Social, and Governance) investing** since at least 2018. His 2020 Davos appearance occurred amid growing global pressure on corporations to address climate change, with BlackRock subsequently announcing plans to exit thermal coal investments and launch sustainable-focused funds. Critics argue his stance reflects both genuine conviction and response to client demand, but the statement itself is well-documented.
Verdict summary
Laurence D. Fink did make this statement at the **2020 World Economic Forum in Davos**, emphasizing sustainability as a core driver for future investments, as corroborated by multiple credible sources.