But notice that Goldman Sachs is being investigated because of hints of greenwashing, while Fink is being demanded because ESG policies violate fidutiary duty according to states law. These are two separate problems, although related: I don’t want managers have so much discretion they can say everything they do is ESG for good PR, but also I don’t want them to focus solely on short-term returns.
I appreciate this response! It’s useful to onlookers.
Honestly, although my citing the article seemed useful, I don’t have depth or attention in this domain to say anything knowledgeable or high enough signal.
Also Can Larry Fink survive the ESG culture wars? (yahoo.com)
But notice that Goldman Sachs is being investigated because of hints of greenwashing, while Fink is being demanded because ESG policies violate fidutiary duty according to states law. These are two separate problems, although related: I don’t want managers have so much discretion they can say everything they do is ESG for good PR, but also I don’t want them to focus solely on short-term returns.
I appreciate this response! It’s useful to onlookers.
Honestly, although my citing the article seemed useful, I don’t have depth or attention in this domain to say anything knowledgeable or high enough signal.