Why exclusionary investing cost Blackrock $4 billion last year
ESG investing, having fallen from the grace of its promise to save the World, is currently undergoing major transformations. The hype of the potential of existing ESG funds to bring higher positive impact to the World was put to the test and its failure to deliver, brought the focus to the question on what should be done to deliver results. Yet, results depend on a variety of factors, some of which are beyond the control of the asset managers, such as wider availability of quality data and metrics, which can ensure that ESG assets are those truly aligned with global transition goals.