ESG Funds Are a Tiny Portion of the Total Capital That BlackRock Manages

Sally Kohn: ESG funds are just a tiny portion of the total capital that firms like even Black Rock and States Street and Vanguard managed. She says they're not actually advancing environmental goals or social goals because they're owning the same stocks. Kohn: The problem isn't when they're divesting from your companies, but show up in your boardroom through a voice and proxy votes to change the purpose of what your company itself does.