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The Evolution of Climate Investing: BlackRock's Pivot Away from ESG 4-March-2024

In the realm of finance, the tide is shifting. Climate investing, once synonymous with Environmental, Social, and Governance (ESG) principles, is undergoing a profound transformation at BlackRock, the world's largest asset manager. Larry Fink, the CEO renowned for his advocacy of ESG, has orchestrated a strategic pivot, purging the very acronym from the company's vocabulary. The shift underscores a seismic change in approach—one that navigates away from moralizing and toward concrete action in combating climate change........

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