ESG (What Is It Good For?)

Tariq Fancy is Founder and CEO of The Rumie Initiative and the former Chief Investment Officer for Sustainable Investing at BlackRock. His recent three-part series, “The Secret Diary of a Sustainable Investor”, argues that ESG/sustainable investing is intellectually bankrupt and is damaging to the most important causes it purports to support. Tariq joins The FinReg Pod to discuss how he went from an ESG evangelist to ESG critic and why the private sector is ill-equipped to address climate change on its own.

 

Tariq’s Twitter: @sosfancy

 

Rumie’s website: https://about.rumie.org/

 

Related Links:

The Secret Diary of a ‘Sustainable Investor’ — Part 1 https://medium.com/@sosofancy/the-secret-diary-of-a-sustainable-investor-part-1-70b6987fa139 The Secret Diary of a ‘Sustainable Investor’ — Part 2 https://medium.com/@sosofancy/the-secret-diary-of-a-sustainable-investor-part-2-831a25cb642d The Secret Diary of a ‘Sustainable Investor’ — Part 3 https://medium.com/@sosofancy/the-secret-diary-of-a-sustainable-investor-part-3-3c238cb0dcbf A Sense of Purpose, Larry Fink https://corpgov.law.harvard.edu/2018/01/17/a-sense-of-purpose/ Statement on the Purpose of a Corporation, Business Roundtable https://s3.amazonaws.com/brt.org/BRT-StatementonthePurposeofaCorporationJuly2021.pdf

 

Lee’s Twitter: @leereiners

GFMC Twitter: @DukeGFMC