ESG stands for “environmental, sustainable, governance.” It is a vague standard of corporate conduct that some forces want to use to guide investment. Yes, they want to expand the standards used when selecting stocks beyond financial criteria. Most free-market supporters see this as a violation of traditional standards of fiduciary management. Rupert Darwall of RealClearEnergy…
Tag: Larry Fink
A Growing Backlash Against ‘ESG’ Investing?
Demands that companies meet “environmental, social, and governance” (ESG) standards are weakening, say Andy Puzder and Stephen R. Soukup in an essay for RealClearEnergy. They point out that Larry Fink, head of the investment firm BlackRock (the largest manager of assets in the world) has softened his tone. In the past (as in his 2020…