59 Fund managers claim they are pulling back from ESG - need to watch for backdoor approach (www.foxbusiness.com) posted 1 year ago by spookyjumper 1 year ago by spookyjumper +59 / -0 Vanguard joins BlackRock in rejecting more ESG proposals from shareholders Mutual fund giant Vanguard reported Monday it has rejected 98% of the environmental and social proposals brought by shareholders this year, joining BlackRock in cutting ESG. 7 comments share 7 comments share save hide report block hide replies
Yep, the name ESG is now toxic (thanks to us) and so they have to fall back and regroup, and sneak out the same stuff under different phrases
I will count it as a win anyways.
I mean the Blackrock guy already announced they were just going to relabel it under something else.
Diversity and sustainability (for them, not us) are the new watch words.
I thought the title of your post meant ass-rape. =P
They'll just come up with another acronym...
Yep, I was very skeptical when I read this earlier today. Guessing Vanguard saw the writing on the wall and is moving on to a less obvious Plan B.