The impact of Covid-19 on companies should lead to a more sustainable way of doing business. This was stated by the president of BlackRock in Brazil, Carlos Takahashi, in an interview with Exame. According to him, this is a decisive moment for organizations. When the pandemic is over, society will demand greater responsibility from companies. Takahashi predicts a new pricing of assets. “This event has made it very clear how important it is to look at the long term.” Social inequalities and the lack of essential services, such as healthcare, have become even more evident. “Everything becomes more transparent in times of crisis,” says the president of BlackRock in Brazil.
Check out BlackRock's main predictions:
Covid-19 and the transition to a more sustainable world
The move toward a new capitalism will be intensified by the COVID-19 pandemic, according to Takahashi. BlackRock CEO Larry Fink made commitments in his annual letter to investors, including divesting from carbon-intensive sectors. “As we emerge from this crisis, and as managers rebalance their portfolios, we will have the opportunity to accelerate the transition to a more sustainable world,” Fink said.
The importance of the business agenda to overcome the crisis
It is necessary to think long term
Larry Fink says companies and investors with a strong sense of purpose and a long-term approach will be able to navigate this crisis. He believes investors’ mindsets are changing. “For some clients, the recent selloff has created an opportunity to rebalance into equities. In fact, many of our clients—even those with heavy fixed-income allocations due to their risk profiles—are looking to increase their allocation to equities in this market.”
Technology as a strategy in companies
BlackRock CEO Larry Fink says “the biggest change for asset managers will be how we use technology. In the future, asset managers will have to be as good at using technology as a technology company.” It’s not just companies that will have to adapt. Fink says people will fundamentally rethink the way they work, shop, travel and meet.
Check out the full interview: https://exame.abril.com.br/mercados/havera-uma-nova-precificacao-de-ativos-apos-a-pandemia-diz-blackrock/
