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BlackRock has been promoting ESG, and Larry Fink has been aggressively defending it publicly. ESG is questionably compatible with being a fiduciary. What really
by jcampbell1 4y ago
BlackRock has been promoting ESG, and Larry Fink has been aggressively defending it publicly. ESG is questionably compatible with being a fiduciary. What really bothers me about Fink is that BlackRock has been buying up every ESG consulting shop, and selling corporations on ESG and implicitly dangling capital injections as a carrot. I sincerely hope this strategy backfires.