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‘SUSTAINABILITY’ NEEDS CONTEXT, AND ESG ISN’T HELPING
On March 16, Tariq Fancy, the former Chief Investment Officer of Sustainable Investing at BlackRock, published a widely read Op-Ed in USA Today and made the rounds to various financial media outlets, decrying the greenwashing he believes is occurring on Wall Street. The thrust of his argument is that ESG investing "boils down to little more than marketing hype, PR spin and disingenuous promises from the investment community."