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

Despite Wall Street and voter reservations, the money is on a Trump vs. Biden rematchAMC stock pushers are another example of social media scariness

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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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).
Source: MiningWeeklyAUS - 🏆 233. / 63 Read more »

Ellis Brooklyn Reveals $9 Million Investment RoundThe company was founded by New York Times columnist Bee Shapiro.
Source: wwd - 🏆 24. / 68 Read more »

Why Generative AI Is the Next Best Investment for GRC TeamsThis story contains new, firsthand information uncovered by the writer.
Source: hackernoon - 🏆 532. / 51 Read more »

Ripple's Distribution of XRP Did Not Constitute Offer and Sale of Investment ContractsThe Court concludes that Ripple’s Other Distributions did not constitute the offer and sale of investment contracts.
Source: hackernoon - 🏆 532. / 51 Read more »

How CZ Declined $40 Million Investment Offer from SBFCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »