Skip to comments.
BlackRock and Vanguard drastically scale back support of ESG projects like 'racial equity' and 'reproductive rights'
The Blaze ^
| August 31, 2023
| Andrew Chapados
Posted on 09/02/2023 6:34:14 PM PDT by Twotone
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-23 next last
1
posted on
09/02/2023 6:34:14 PM PDT
by
Twotone
To: Twotone
they will just change the name
global warming....climate change
pc....woke
2
posted on
09/02/2023 6:36:29 PM PDT
by
joshua c
(to disrupt the system, we must disrupt our lives, cut the cable tv)
To: Twotone
3
posted on
09/02/2023 6:37:20 PM PDT
by
Noumenon
(You're not voting your way out of this. KTF)
To: Twotone
BlackRock denied attacks that it was succumbing to right-wing pressure and said it was "solely to advance the financial interests of our clients." It's amusing the left still thinks they can bully large corporations into acting against the shareholders for the nonsense notion that ESG will make the company more competitive and better.
4
posted on
09/02/2023 6:38:21 PM PDT
by
Fzob
(“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential)
To: Twotone
They should be sued by shareholders for fiduciary negligence.
5
posted on
09/02/2023 6:41:24 PM PDT
by
EEGator
To: Twotone
“”I don’t use the word ESG anymore, because it has been entirely weaponized,” Fink stated.”
In other news Fink stated he would no longer used the words “concentration camps”. He would now call them “re-education camps”.
;-)
6
posted on
09/02/2023 6:45:09 PM PDT
by
cgbg
("Creative minds have always been known to survive any kind of bad training." Anna Freud.)
To: Twotone
7
posted on
09/02/2023 6:45:34 PM PDT
by
blackdog
((Z28.310) My dog Sam eats purple flowers.)
To: Twotone
Vanguard stated that shareholders submitted 359 ESG proposals for 2023 and 290 in 2022.
“The funds supported just 2 percent of such proposals in the 2023 proxy year, down from 12 percent in the 2022 proxy year,” the investment advisors said.
Interesting the ESG proposals come from certain stock holders. Maybe the other stock holders are using their outdoor voice.
8
posted on
09/02/2023 6:47:19 PM PDT
by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
To: Twotone
Cant hide their fingerprints on all this.
9
posted on
09/02/2023 7:06:59 PM PDT
by
Secret Agent Man
(Gone Galt; not averse to Going Bronson.)
To: PeterPrinciple
I had a financial advisor at Ameriprise in 2021, which I got into a discussion with her about keeping my funds out of such investments. She was pissed off and told me that most investors welcome doing the right thing when investing.
I immediately moved everything to a different advisor who follows my wishes to the letter without a lecture. He also has proven to be much better at his job.
10
posted on
09/02/2023 7:07:55 PM PDT
by
blackdog
((Z28.310) My dog Sam eats purple flowers.)
To: Twotone
Is The Enemy retreating a little, or have they simply slowed their advance? At least the momentum has been lessened.
To: Twotone
To: Twotone
To: Noumenon
14
posted on
09/02/2023 7:27:23 PM PDT
by
No name given
(Anonymous is who you’ll know me as )
To: Twotone
The group said that it has recently backed about 7% of ESG proposals at company meetings the last 12 months leading up to June 2023. In 2022, that number was 22%, and in 2021 the company reportedly voted in favor of nearly half of all ESG proposals. and
Vanguard made similar moves and chose to back only 2% of ESG proposals at meetings across the United States, despite a large increase in the number of ESG-related proposals that were pitched.
Has anyone done the math on how much was spent? This might just be a huge increase in the number of people with their hands out with a similar number to the past approved. They might have even increased spending in absolute terms.
They have a fiduciary responsibility to their shareholders and investors (which in Vanguard are the same). Spending money on ESG is counter to that.
15
posted on
09/02/2023 7:29:07 PM PDT
by
KarlInOhio
(Democrats' version of MAGA: Making America the Gulag Archipelago )
To: Twotone
Too late I pulled all my money because they’re stupid
16
posted on
09/02/2023 7:52:35 PM PDT
by
NWFree
(Sigma male 🤪)
To: All
Yeah, I assume that the building of their ‘15 minute cities’ is going to reduce what they can spend on stupid propaganda to corporations they have already perverted anyway.
To: Twotone
18
posted on
09/02/2023 8:28:38 PM PDT
by
chuckee
( )
To: Twotone
Gee, investment companies are discovering actual investors are interested in, you know, making money,....whaddaya' know...
19
posted on
09/02/2023 8:38:19 PM PDT
by
Kenny Bania
(Ovaltine? Why not call it Roundtine?)
To: Twotone
Some major investors m ust have made some complaints. The projects might remain but un different names and with no advertising them.
20
posted on
09/02/2023 10:01:10 PM PDT
by
arthurus
(* covfefe *ty)
Navigation: use the links below to view more comments.
first 1-20, 21-23 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson