As asset management firm Blackrock is learning, it turns out that embracing leftist Environmental, Social, and Governance (ESG) policies is bad for business. Who knew?
After significant efforts to embrace and enforce woke ESG — environmental, social and governance — policies on American companies, behemoth asset manager BlackRock has finally admitted what conservatives have warned: adopting and prioritizing the radical aims of ESG poses a significant risk of adverse effects to its bottom line and legal footing.
The revelation from BlackRock comes courtesy of a filing the company made with the U.S. Securities and Exchange Commission (SEC).
Lamenting that — as a direct result of scrutiny and warnings from conservatives — “BlackRock faces increasing focus from regulators, officials, clients and other stakeholders regarding ESG matters,” the company said in the filing that it…
