Republican presidential candidates, such as Ron DeSantis and Vivek Ramaswamy, continue to keep ESG in the national conversation. Ramaswamy in particular called it "woke capitalism" in his book and on our podcast. As we take our summer break, we decided to re-release our conversation with Tariq Fancy, BlackRock’s former global chief investment officer for sustainable investing, whose criticism of ESG is based not on its goals, but rather on an insider's knowledge of how it actually works.We’re taking a short summer break as we put together some fascinating episodes on the past and future of antitrust, the shortcomings of neoliberalism, and whether science and law are for sale in our capitalist system. In the meantime, we thought we might re-share some of our most thought-provoking episodes that are still relevant, maybe even more relevant, today. I hope you get as much out of it on a second listen as we did, and we’ll be back with brand new episodes soon. Thanks for listening. Link to our interview with Ramaswamy: https://podcasts.apple.com/is/podcast/is-woke-capitalism-a-threat-to-democracy/id1326698855?i=1000543737590

Vox's Emily Stewart talks with Tariq Fancy about whether or not "socially responsible investment" is a scam. Fancy is a former executive who led sustainable investing at BlackRock, one of the world's largest asset management firms. The two discuss why these investment vehicles were developed and promoted, the failure of corporations to voluntarily self-regulate, and the need for government action to actually address the issues that ESG funds claim to be taking on.Host: Emily Stewart (@EmilyStewartM), Senior reporter, VoxGuest: Tariq Fancy (@sosofancy), founder & CEO, Rumie Initiative; former CIO for sustainable investing, BlackRockReferences:  "The thorny truth about socially responsible investing" by Emily Stewart (Vox; Oct. 10) "Blackrock's former sustainable investing chief now thinks ESG is a 'dangerous placebo'" by Silvia Amaro (CNBC; Aug. 24) "BlackRock's Message: Contribute to Society, or Risk Losing Our Support" by Andrew Ross Sorkin (New York Times; Jan. 15, 2018) "Harvard Will Move to Divest its Endowment from Fossil Fuels" by Jasper G. Goodman and Kelsey J. Griffin (The Crimson; Sept. 10) "The Illusory Promise of Stakeholder Governance" by Lucian A. Bebchuk and Roberto Tallarita (Cornell Law Review; Dec. 2020) "In His Final Shareholder Letter, Jeff Bezos Explains a Profoundly Simple Lesson Most Leaders Overlook" by Jason Aten (Inc.; Apr. 16) "Little Engine No. 1 beat Exxon with just $12.5 million" by Svea Herbst-Bayliss (Reuters; June 29) Enjoyed this episode? Rate Vox Conversations ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts.Subscribe for free. Be the first to hear the next episode of Vox Conversations by subscribing in your favorite podcast app.Support Vox Conversations by making a financial contribution to Vox! bit.ly/givepodcastsThis episode was made by:  Producer: Erikk Geannikis Editor: Amy Drozdowska Engineer: Paul Robert Mounsey Deputy Editorial Director, Vox Talk: Amber Hall Vox Audio Fellow: Victoria Dominguez Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, Anthony Scaramucci interviews Tariq Fancy, a Canadian entrepreneur and former investment banker. They discuss topics such as Charlie Munger, Canadian bank branch closures, transitioning silver assets into gold, thoughts on the S&P, and the terrifying nature of deflation. They also touch on the impact of smartphones on learning, groupthink in markets, dollar cost averaging, and owning mistakes.

Ruth Sunderland, the group business editor of the Daily Mail and Mail on Sunday, asks industry leaders and thinkers about the purpose of companies. Should they be organisations designed to generate profits for the benefit of shareholders, or do they have a bigger role to play in society? What part do they play in environmental policy? Ruth investigates ESG investments, which claim to promote environmental, social and corporate governance best practice, and have become a trillion pound industry. Why has ESG become a flashpoint in the US political culture wars and could the same happen in the UK?Presenter: Ruth Sunderland Producer: Farhana Haider Editor: Clare Fordham Sound Engineer: Nicky Edwards Production Coordinator: Maria OgundeleContributors: Mark Goyder Founder, Tomorrows Company Euan Munro, Chief Executive, Newton Investment Management Merryn Somerset Webb, Senior Columnist at Bloomberg. Philip Gill, small Investor Giulia Chierchia, Executive Vice President for Strategy, Sustainability, and Ventures at BP Louise Oliver, Co-Founder, Piercefield Oliver Chartered Financial Planners Rachel, Small investor Dr Nina Seega, Director for the Centre for Sustainable Finance at the Cambridge Institute of Sustainability Leadership Tariq Fancy, Former Chief Investment officer for Sustainability Investing at BlackRock Witold Henisz, Vice Dean and faculty director of the ESG initiative at the Wharton School, University of Pennsylvania

Environmental, social and governance investing, also know as ESG, has exploded in recent years. It promises to help us solve problems like climate change and inequality all while allowing investors to still turn a profit. But BlackRock’s former global chief investment office for sustainable investing, Tariq Fancy, says it isn't what's being advertised. Recently, he penned a blog post claiming that not only are ESGs not making societal problems better, they may actively be making them worse.