As the political backlash increased with the anti-ESG movement, BlackRock CEO Larry Fink appeared to have taken a different approach in his annual letter to investors regarding environmental, social, and governance investing.
Despite the world’s largest asset manager proudly pushing the leftist ESG investing policies as the practice of sustainable investing, Fink did not use the acronym ESG once in his letter. In fact, BlackRock’s CEO pushed the idea that the asset manager wants it to be the investor’s own choice concerning sustainable investing and the energy transition:
Many of our clients also want access to data to ensure that material sustainability risk factors that could impact long-term asset returns are incorporated into their investment decisions. This is why we partner with other companies and provide insights into how a changing climate and the transition may affect portfolios over the long term.
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