8/13/2023 0 Comments Larry fink blackrock book![]() For the firm, much of that revolves around creating products that allow investors to direct more of their money to companies that have good ESG ratings rather than cutting off companies that don’t. And it comes as the world’s largest investor is taking heat from government officials on both sides of the climate debate-for doing too much to discourage investment in fossil-fuel companies and for not doing enough.īlackRock Chief Executive Larry Fink has said he sees huge investment potential in the energy transition. Still, the book hints at a quiet debate within a firm that has embraced the sustainable-investing movement. Keeley retired from BlackRock in July, and the asset manager isn’t likely to abandon the ESG model soon. Companies in ESG funds had worse compliance on labor and environmental rules than companies in non-ESG funds, a study from researchers at the London School of Economics and Political Science and Columbia University concluded.Ī spokesman for BlackRock said in an email: “BlackRock’s clients choose to invest in many different ways, and we offer them a broad range of choices based on their individual preferences and goals." ![]() Vanguard Group researchers found no significant difference in returns between ESG and non-ESG funds over a 15-year period. ![]() The ESG model-as an investment strategy and a driver of change-is still up for debate. In other words: Give money to the polluters and force them to clean up their act.
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