LyrArc Article Gist
Common sense works where activism raises questions about what is being said in ESG- a different grab bag for each person. Larry FInk of Black Rock uses the word exactly for what it is not more not less- that is Transition Investing. Transition Investing being exactly what the word says it is investing in projects that build the transition to a world that is not affected by climate change as it is today. When climate change is real and the dangers are there for all to see, so called environmental, social and corporate governance going under acronym ESG was just too complicated and redundant. Fink has done the right thing. States like Texas are now working with Fink on investments in their state.
Common sense works where activism raises questions about what is being said in ESG- a different grab bag for each person. Larry FInk of Black Rock uses the word exactly for what it is not more not less- that is Transition Investing. Transition Investing being exactly what the word says it is investing in projects that build the transition to a world that is not affected by climate change as it is today. When climate change is real and the dangers are there for all to see, so called environmental, social and corporate governance going under acronym ESG was just too complicated and redundant. Fink has done the right thing. States like Texas are now working with Fink on investments in their state.
