ImpactAlpha, March 16 – Don’t expect BlackRock to back off from ESG any time soon. Even if the acronym appears nowhere in chairman Larry Fink’s latest annual letter to investors.
BlackRock’s bottom line makes clear that ESG is good for business.
That Fink – the embodiment of “woke capitalism” for critics on the right, and of business-as-usual for critics on the left who lampoon BlackRocks’ continued financing of such non-ESG friendly sectors as the fossil fuel industry – takes such pains to not directly use the phrase shows just how toxic things have gotten.
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