ESG = environmental, social and governance priorities.
From the National Legal and Policy Center:"...that ESG factors did not inoculate investors against the stock market downturn that was attributed to the COVID crash of the global economy, nor did sustainability priorities aid in the subsequent limited recovery.
And now it turns out that one of BlackRock’s non-profiting investment priorities ballyhooed by Fink – climate change – is not all he cracks it up to be."
My take: Stocks tend to follow the broader market, without many exceptions.
Read the full story here. Larry Fink’s Appeasement of Climate Activists is Failing