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Former BlackRock executive explores how pushing Corporate Social Responsibility and ESG targets misses the mark, and how to achieve change on social and environmental issues.
How to fix capitalism? How to fix the rules of the game? How can we (as non-governmental people) address this?
Former BlackRock executive Tariq Fancy has critiqued the concept behind the "sustainable investing" movement, stating that the "rules of the game" established by elected officials and government regulators are most important to achieve systemic change on climate and other ESG (environmental, social, governance) topics. By comparison, he states, socially-minded practices by individual businesses are self-serving, ineffective, and even destructive to the causes that they claim to champion. Join Bethany McLean in conversation with Mr. Fancy to explore how ESG and CSR miss the mark; the importance of establishing strong, fair "rules of the game;" and the role of good-faith private sector leadership in pushing for meaningful change on key social and environmental issues.
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