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The real impact of the ESG backlash

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The Financial Times

11 min read
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As opinions shift, asset managers like BlackRock are talking more about maximising returns than about saving the world.

04 December, 2023 by Brooke Masters and Patrick Temple-West in New York

In 2020, BlackRock chief executive Larry Fink put the world’s largest money manager squarely behind the cause of purpose-driven investing.

“Climate change is different” from other financial challenges, he wrote in his closely watched annual letter to corporate chief executives.

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