The real impact of the ESG backlash

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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