He is not the only skeptic. Jerome Dodson, the retired founder of Parnassus Investments – the largest company dedicated to ESG – described the ESG boom in January as “disturbing”. Last year, Matt Patsky, who runs one of the world’s oldest socially responsible investment firms, Trillium Asset Management, called the industry the “wild west” and ripe for a crackdown. And Tariq Fancy, BlackRock’s former head of sustainable investing, said ESG funds are mostly about marketing and have little impact on the real world.
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