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Originally Posted by XutvJet
You couldn't be more wrong. ESG is going nowhere and most shareholders expect/demand companies to be good stewards of the environment.
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Larry Fink (BlackRock) says ESG is so yesterday and the useful idiots clap like seals and say please sir can I have another.
BlackRock’s Fink Calls For Energy Pragmatism, Omits ESG From Annual Letter
In the 2024 Chairman’s Letter to Investors, Fink avoided the phrase ESG. This is not a surprise. Following the conservative backlash of 2023,
Fink stated he will no longer be using the term ESG, as it had become too political. He is opting instead for terms like stakeholder capitalism, sustainable investing, or climate investing.
https://www.forbes.com/sites/jonmcgo...h=56dd581a4df2
Odd how so many states are devesting their portfolios from Black Rock and Vanguard over ESG when ESG doesn't exist?
