FII ESG London - S010 | How Asset Managers / Sovereign Wealth Funds Are Financing the Future of ESG

The discussion centers on the urgency of accelerating the energy transition to address climate change, with a focus on the role of financial institutions, sovereign wealth funds, and major fund managers. H.E. Yasir Al-Rumayyan, Governor of the Public Investment Fund, emphasizes the importance of an inclusive ESG framework to address the energy transition and the need to provide energy access to emerging markets. Larry Fink, CEO of BlackRock, highlights the significance of managing climate risk as investment risk and the need for a fair and just energy transition. The conversation also delves into the challenges and opportunities in the energy transition, emphasizing the importance of gradual shifts from fossil fuels to renewable energy sources. Both speakers stress the potential impact of sustainable investments and the role of financial institutions in driving global sustainability.