So the pullback in ESG firms continues, eh?
John had a post in December about corporations and campuses who were beginning to get pushback on their DEI initiative. BlackRock was one of those named, doing some verbiage shuffling to avoid legal challenges, among other problems besetting the grievance and equity industry.
…Investment manager BlackRock (BLK.N), which received a letter in April, removed language stating a scholarship was “designed for” members of specific underrepresented groups…
At the end of the month word broke that the state of Tennessee was suing the firm for “misleading” ESG policies and harming the bottom line for investors.
The last time we checked on BlackRock, the world’s largest asset manager, CEO Larry Fink complained that Environmental, Social and Corporate Governance (ESG) — the basis for its work investment strategy — was being…
