Indecisive Dave and the backlash against ESG – WHEB

The latest intellectual gymnastics asset managers are getting into over ESG.

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... Asset managers that had previously proclaimed their commitment to ESG are now wavering. BlackRock, HSBC and Vanguard have all seemed to row-back from previous climate change commitments for example. The rapid rise to prominence of the ESG agenda was always going to generate a backlash. There is also still a lot of confusion about what ‘ESG’ is and is not. Head of Research Seb Beloe explores the recent criticism, whether the ESG party is over and points to what's needed to maintain its future.

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