This Former BlackRock Executive Says ESG Investment Model Is Broken

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Terrence Keeley had been at BlackRock for about a decade when he reached a contrarian conclusion: ESG doesn’t work

Terrence Keeley had been at BlackRock Inc. for about a decade when he reached a contrarian conclusion: ESG doesn’t work.

Mr. Keeley spent much of his time at the asset manager overseeing a group that nurtured relationships with central banks, finance ministries, family offices and sovereign-wealth funds. Under pressure from politicians and activists, some of these investors were looking to distance themselves from companies that fall short onContinue reading your article with

 

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Unintended consequences

I'm a contrarian.

Bonds ... 15%?

Like crypto, ESG relied on influencers rather than sound marketing.

ESG, climate change, crypto, etc. are BS culture

ESG has been a way for asset managers to charge a premium to their investors with little empirical data to back up claims of outperformance versus non-ESG. ESG is feel good investing, not fiduciary investing.

Headline - 'Based on this one author's opinion, ESG doesn't work.' The conclusion they want you to draw - 'See we told you! Companies shouldn't care about the environment!' The author's book

The peer-reviewed research on this topic is actually mixed. Some studies find ESG investing improves returns and reduces risk, others find it has no effect.

ESG is a colossal scam… leftism disguised by something else

Yeah right. Let me know when you give it a try first. People have been crying about this since the Fink letter

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Analysis: Money before climate; market downturn spurs ESG fund exodusFunds adhering to environmental, social, and corporate governance (ESG) principles have been hit by unprecedented outflows in the market downturn, as investors prioritize capital preservation over goals such as tackling climate change. As expected and will likely continue until we get past the looming Global Recession! Also ESG is woke Marxist nonsense. Get rid of it. Gee who couldn’t see this coming?!?
Source: Reuters - 🏆 2. / 97 Read more »