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re: BlackRock suffered $1.6 trillion in losses in 6 months
Posted on 7/22/22 at 7:41 pm to the_truman_shitshow
Posted on 7/22/22 at 7:41 pm to the_truman_shitshow
quote:
BlackRock has also garnered attention for its embrace of Environmental, Social, and Governance (ESG) investing, which in turn has suffered in the current downturn.
By adopting ESG goals — or, in the case of BlackRock, pushing portfolio companies into adopting ESG goals — executives commit themselves to pursuing green energy, appointing a certain number of minorities to serve as managers, or otherwise blending profitability with progressive politics.
Even if it hurts profits, honor the ESG god.
2
Posted on 7/22/22 at 7:44 pm to LSUbest
quote:Do investors have a choice to invest with Blackrock or not?
Even if it hurts profits, honor the ESG god.
Posted on 7/22/22 at 7:49 pm to LSUbest
quote:The S & P was down ~20% through Q2 and the Nasdaq was down closer to 30%. What exact argument are you making here?
Even if it hurts profits, honor the ESG god.
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