US EditionBlackRock 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.
12 Articles
12 Articles
BlackRock CEO Says He's 'Ashamed' of His Role in Woke ESG Push, Quickly Tries to Backtrack
The CEO of one of the most profitable large corporations in the United States is backing off of his support of the left-wing ESG (Environmental and Social Governance) movement. BlackRock CEO Larry Fink claimed that the term had been “weaponized” in a talk at Aspen Ideas Forum on Sunday, according to Axios. Fink went on to admit that he was “ashamed” to be associated with the left-wing corporate movement. “I’m ashamed of being part of this conver…
BlackRock’s Larry Fink stops using term ‘ESG,’ says it’s become ‘weaponized’
BlackRock boss Larry Fink, at the forefront of the business world's adoption of environmental, social and corporate governance standards, has stopped using the term, saying it has become too politicized.
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