Concerns over the use of ESG scores by investment firms to influence corporations have been raised, with some individuals facing repercussions. UBS banker highlights the ESG backlash in climate finance, emphasizing the need for regulatory action. Corporate boards are under pressure from both ideological spectrums on ESG issues. BlackRock acknowledges adverse effects of ESG practices in a recent SEC filing, signaling potential shifts in the sector.
ESG Frustration And Backlash In The Banking Sector Continues https://t.co/v7yIJPZ0UO
The end of ESG? BlackRock admits adverse effects in SEC filing @WashTimesOpEd https://t.co/GfM13kutyQ
Corporate Boards Face ESG Pressure From Both the Left and Right https://t.co/ZL0Qbw3gqT
ESG Backlash in Climate Finance Exposed by UBS Banker's Concerns https://t.co/OKgdrN9QSm Don't expect lenders and investors to do what should be done through laws and regulations.
From the Article (which cites @ConceptualJames ): "I obviously knew about ESG scores that huge investment firms are using to force corporations to conform to ideological demands. I knew that in some cases, prominent individuals or troublemakers have been blackballed by banks and… https://t.co/GHHVhclroh