The Prof G Pod with Scott Galloway

The Illusion of ESG Investing — with Tariq Fancy

Mar 17, 2022

Tariq Fancy, the Founder and CEO of The Rumie Initiative and former Chief Investment Officer for Sustainable Investing at BlackRock, critiques the effectiveness of ESG investing, calling it a 'dangerous placebo.' He discusses the influence of corporate lobbying on public policy and the disconnect between ESG concepts and real societal change. Tariq emphasizes the need for government intervention to address urgent issues like climate change, while reflecting on current market dynamics and the challenging financial landscape.

48:13

Episode guests

Tariq Fancy

AI Chapters

Episode notes

Intro

2min

ESG Investing and the Streaming Landscape

14min

Unpacking the Myths of ESG Investing

2min

Critiquing ESG: Greenwashing and Systemic Change

15min

Navigating Current Market Dynamics and Central Bank Influence

2min

Navigating Market Pessimism

7min

Reflections on Aging and Substance Use

4min

Tariq Fancy, the founder and CEO of The Rumie Initiative and the former chief investment officer for sustainable investing at BlackRock, joins Scott to discuss how ESG investing acts as “a dangerous placebo that harms the public interest.” We also hear Tariq’s take on the current state of the markets. Follow Tariq on Twitter, @sosofancy.

Scott opens with his thoughts about lobbying revenue reaching an all-time high, ad-supported streaming tiers, and Peloton’s move to the rundle.

Algebra of Happiness: knowing when to dial back.

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