Quote:
Originally Posted by Car-Addicted
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?  |
BlackRock is a huge client of ours. Read the article you just posted. Fink said ESG is too policital a phrase anymore. You can blame the righ-wing hardliners and the ignorant for that one. Sure, ESG is not perfect (it's still a relatively new thing) but the way some of the Right presents it couldn't more wrong, misguided, and not factual. I know, it's hard to believe politicians and certain media present things this way.
BtW, BlackRock’s corporate ESG statement:
https://www.blackrock.com/lu/interme...sg-integration