BlackRock CEO reportedly 'ashamed' of ESG political debate: 'Misused by the far left and the far right'
- BlackRock CEO Larry Fink has stopped using the term ESG due to the term's political polarization in the United States, but the firm's stance on environmental, social, and corporate governance issues remains unchanged.
- BlackRock will continue to engage with stakeholder companies about decarbonization, corporate governance, and social issues.
- BlackRock's strategy of investing in fossil fuel companies while encouraging them to adopt energy transition plans has drawn criticism from both the left and the right, but Fink has stated that the backlash against ESG has had no material impact on BlackRock's business.
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Total News Sources0
Leaning Left0Leaning Right10Center1Last UpdatedBias Distribution91% Right
Bias Distribution
- 91% of the sources lean Right
R 91%
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