Posted on Mar 22, 2023
Audio recording reveals coordinated push against ESG investing
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Posted 1 y ago
Responses: 2
Same kind of folks that would push a flat earth theory mainly because they have a lot of money tied up in ships that stop at the edge. The fact that edge does not exist is immaterial.
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PO1 William "Chip" Nagel
..."But the larger risk, to Miazad, is that it could put this environmental, social and governance investing trend out of fashion.
Investors big and small, and the financial companies where they put their money, could steer tens of trillions of dollars away from companies with greener futures. Anecdotally, Miazad sees some big companies already slowing down their climate work.
“This anti-ESG movement is designed to change business norms. It can be pervasive,” Miazad says. “In other words it’s not just BlackRock, but it’s BlackRock clients who are now maybe second guessing whether to embrace ESG.”
..."But the larger risk, to Miazad, is that it could put this environmental, social and governance investing trend out of fashion.
Investors big and small, and the financial companies where they put their money, could steer tens of trillions of dollars away from companies with greener futures. Anecdotally, Miazad sees some big companies already slowing down their climate work.
“This anti-ESG movement is designed to change business norms. It can be pervasive,” Miazad says. “In other words it’s not just BlackRock, but it’s BlackRock clients who are now maybe second guessing whether to embrace ESG.”
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