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

“It’s been a difficult couple of years for BlackRock, the world’s biggest money manager. The firm is still enormously profitable, though it has recently taken some big hits because of its image as a promoter of progressive utopianism through its use of Environmental Social Governance — or ESG — investment guidelines.

…BlackRock’s pure ESG portfolio is just a small percentage — $700 billion — of its $10 trillion in total assets under management….”

https://www.msn.com/en-us/money/markets/investment-titan-blackrock-has-taken-massive-hits-because-of-its-use-of-esg/ar-AA1hRjcD

Note: Secondary link referenced here.

“… BlackRock’s missive against ESG came via an announcement that it has scaled back on its support of environmental and social shareholder demands in the “proxy” process. It voted to approve just 7% of these proposals in the 2023 fiscal year, down from 22% in 2022 and 47% in 2021…”

https://nypost.com/2023/08/26/an-r-i-p-for-esg-is-near

We are winning folks. We can end this ESG madness but we have to keep pushing. Push back against ESG has massively reduced Blackrock support of it, but just know they still have 700 billion dollars pushing ESG related projects.

All funding and support of ESG needs to end. That 700 billion needs to go to zero.