Companies Look for Alternatives Referring to ESG
After years of encouraging investors to invest in companies with responsible environmental, social and governance (“ESG”) practices, BlackRock CEO Larry Fink announced in mid-2023 that he wouldn’t use the term ESG anymore. Fink noted that the word has been misused and weaponized by the far left and far right and said he was ashamed to be part of the debate around using the term “ESG.” Fink’s investment approach can significantly affect the market as he currently stands at the helm of the world's largest asset manager with $9.2 trillion under management. BlackRock’s attitude toward responsible ESG investing has been quite…