On the latest episode of #BLKBottomLine, Debbie McCoy, BlackRock Systematic Head of Sustainable Investing, highlights why sustainability can accelerate economic recovery.
There are four key areas for increased resilience: systems, policies, companies and innovation.
First, there is heightened focus around climate change. But the broader societal system has come into question as well, particularly around inequality. Climate change and inequality remain salient conversations as we think about how to strengthen for the future.
In this very unusual moment of COVID-19, there is unprecedented policy action taking place. There is opportunity in Europe as new policies are formed, particularly around energy, and in the U.S. and all over the world, there is increased public-private partnership.
Another key area is the resilience of companies through this period of change. Companies are no longer responsible just to themselves, but also to the communities in which they operate.
Lastly, despite processes being upended over the last several months, there is an increased focus on innovation. We have a focus on transition, both in the environment and also how the global economy will shift and respond to the COVID-19 crisis.
Learn more about how BlackRock is integrating sustainability into the investment process
