BlackRock Now Disguising Its ESG Efforts as ‘Transition Investing’, by Craig Bannister

Due to the growing unpopularity of ESG (Environmental, Social, Governance), BlackRock CEO Larry Fink had promised to stop saying the word “ESG” – but to continue wielding the company’s enormous financial leverage to keep pushing it – so now the company’s calling ESG “transition investing.”BlackRock began renaming environmental, social and governance (ESG) earlier this year. It’s now calling it “transition investing,” Just The News reports, citing new guidelines released this month by the powerful investment manager:

“The company recently updated its climate and decarbonization stewardship guidelines. The document makes no mention of ESG, but it shows in many ways, the world’s largest investment manager with $10 trillion in assets under management is still pursuing many of the same goals.” …

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