Investment titan BlackRock has taken massive hits because of its use of ESG

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Yes, Fink loves to talk, and he has evangelized, maybe too much, about the necessity of going green, how climate change is a long-term threat to the economy and an investment opportunity. He says that the sustainable economy could be similar to the tech boom — throwing off millions of new jobs and creating trillions in new wealth. And so on, and so on.He has also said the green economy needs to be done in a transition or you will get the inflation we have now.

It won’t be easy. BlackRock’s messaging pickle was on display Tuesday night during a “summit” of business and finance execs sponsored by the news outlet Semafor when its business editor, Liz Hoffman, interviewed a man named Mark Wiedman, head of BlackRock’s global client business. He then got to why BlackRock management is grappling with how to message ESG. BlackRock’s problem, Wiedman suggested, can be traced to talking too much about ESG.

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Macroeconomic factors, green metals demand and ESG impacting on mining investmentMacroeconomic factors, demand for green metals and environmental, social and governance endeavours are all factors that are influencing investment in mining, speakers outlined during the second day of the Joburg Indaba, which was held this week. Anglo American Platinum (Amplats) CEO designate Craig Miller said the company has benefitted from the changing macroeconomic environment, with the just energy transition and need for reduced emissions resulting in increasing demand for platinum group metals (PGMs).
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