The Louisiana…Sale?
We’ve written about how controversial the topic of environmental, social, and governance (ESG) investment strategies are. And after a lot of hemming and hawing, we’re finally seeing a major player take action express their views on the subject.
Louisiana’s state Treasurer John Schroder said the state is pulling $794 million out of BlackRock Inc’s funds. Regarding the decision, the primary reason cited was the asset management firm’s push to embrace ESG strategies. 🌎