BlackRock

Why Americans Are Rejecting ESG

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Why Americans Are Rejecting ESG

Recently, Larry Fink, CEO of Blackrock, announced that he and his organization would no longer be using the term ESG (Environmental, Social, Governance), an investment strategy geared towards ‘responsible investing,’ which Blackrock helped to pioneer and promote. ESG offers investors a way to ‘responsibly invest (at least on paper) in companies who are environmentally and … Read more

BlackRock Takes a Hit: ESG Boomerangs on Investment Managers

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One persistent myth in today’s materialistic society is that money rules everything. Those wishing to understand why people act the way they do are told to “follow the money.” The lust for power and wealth trumps everything. However, there are more important things than money—even on Wall Street. Some liberal businessmen and investment management firms … Read more