BlackRock’s tyrannical ESG agenda - UnHerd
As the ESG agenda took hold, the individual investor increasingly found himself shunted aside. The roots of this shift lay in the early Eighties, when federal proxy voting rules were changed to allow fund managers such as BlackRock to vote on behalf of their clients.
Business is at the heart of pollution on the planet. ESG measures different facets helping to steer money towards businesses who have very standards. This help investors know responsible organizations. You aren't interested just ignor it.
ReplyDeletehttps://en.wikipedia.org/wiki/Environmental,_social,_and_corporate_governance
The term ESG was popularly used first in a 2004 report titled "Who Cares Wins", which was a joint initiative of financial institutions at the invitation of UN.[5] In less than 20 years, the ESG movement has grown from a corporate social responsibility initiative launched by the United Nations into a global phenomenon representing more than US$30 trillion in assets under management.[6] In the year 2019 alone, capital totaling US$17.67 billion flowed into ESG-linked products, an almost 525 percent increase from 2015, according to Morningstar, Inc.[7] Critics claim ESG linked-products have not had and are unlikely to have the intended impact of raising the cost of capital for polluting firms,[8] and have accused the movement of greenwashing.[9]
I don't seem to be able to sign into your system here Derek. This is Jeff Green
ReplyDeleteHello Jeff, sorry to hear you are having problems signing in. You are welcome to comment and just put your name at the bottom if that is easier.
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