See Also: BlackRock, Inc. (For-Profit)
Larry Fink is the co-founder, CEO, and Board Chairman of BlackRock, the world’s largest money management firm, where he has worked since 1988. 10 21. A research paper published in 2025 found that, using a difference-in-differences design that analyzed company tweets, there was an increase in partisan Democratic language amongst firms that had high BlackRock ownership following the release of Fink’s letter. 23
ESG Activism
Left-of-center Environmental, Social, & Governance (ESG) portfolios have become a major part of BlackRock’s non-profit and investor portfolios. In his January 2020 letter to CEOs, Fink wrote that his company “was a founding member of the Task Force on Climate-related Financial Disclosures” and was a signatory to both United Nations and Vatican documents related to climate change action. BlackRock is also part of the Climate Finance Partnership with other leading private entities and nations such as France and Germany. 30
Criticism from the Left
The left-leaning Campaign for Accountability has criticized BlackRock through the BlackRock Transparency Project, which has accused BlackRock of violating employee rights, engaging in secretive conflict-of-interest work which leads to greater profits without transparency, and otherwise engaging in unethical corporate actions. 10 For example, BlackRock received three no-bid contracts during the 2008 real estate recession from then-Treasury Secretary Timothy Geithner, 0){
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