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BlackRock CEO leaves ESG mentions out of annual investor letter (2024)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
BlackRock CEO Larry Fink released his annual letter to investors on March 26, which emphasized traditional investment themes and made few mentions of ESG-related topics—a focus in Fink’s previous letters. Stephen Soukup, the author of The Dictatorship of Woke Capital and an ESG opponent, argued that Fink’s letter aimed to create distance from ESG:
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On March 26, Fink released his much-anticipated annual letter to investors. It too sought to put distance between him and ESG/sustainability. This year’s document does not contain the phrase 'ESG' even once, does not use the phrase 'stakeholder capitalism,' and only uses the word 'stakeholder' one time. … Larry Fink is tired of being famous for all the wrong reasons and BlackRock is tired of being kicked around by Republican state and federal legislators who oppose the firm’s role in advancing the climate change/energy transition agenda. … Larry Fink may still want to be famous, but not like this. He’s hoping that an all-out effort to change the firm’s public image will change his as well. Time will tell.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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