BlackRock’s ESG controversy continues. This week its former chief sustainable investment officer criticised its role in promoting ESG. Tariq Fancy argued that the label was misleading and has done little to promote the causes it claimed to support. City A.M. covers the story.
As the narrative around ESG continues to fluctuate in the US, many on Wall Street are swapping out the label for ‘sustainable’ instead in an attempt to avoid backlash from investors. Bloomberg covers the story.
EU finance institutions are urging officials to overhaul the state’s sustainable finance rules as development banks warn that the regulations are preventing investment in emerging markets, including in green transition projects such as battery development and solar farms. The Financial Times covers the story.
