BlackRock began renaming environmental, social and governance (ESG) earlier this year. It’s now calling it “transition investing.”
The company recently updated its climate and decarbonization stewardship guidelines. The document makes no mention of ESG, but it shows in many ways, the world’s largest investment manager with $10 trillion in assets under management is still pursuing many of the same goals.
When the Securities and Exchange Commission (SEC) adopted final rules regarding climate disclosures in March, critics were partially relieved that the most stringent aspects of the proposed rules weren’t included. The rule still faces a number of legal challenges by parties who argue the rules violate the First Amendment, the SEC exceeded its authority, and compliance will drive up costs and hurt consumers.
As always, woke ruins everything it touches. Blackrock owned the building that the Trump shooter was on and gave Thomas Crooks support. Get woke and go broke.
Delusions of Adequacy 