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BlackRock’s Larry Fink retires use of ‘weaponised’ ESG term after political backlash

BlackRock's chief executive says the acronym has become 'entirely weaponised... by the far left and by the far right'

BlackRock chief executive Larry Fink says the fund group has not changed its stance on key climate and social issues
BlackRock chief executive Larry Fink says the fund group has not changed its stance on key climate and social issues Photo: Ludovic Marin/Getty Images

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BlackRock chief executive Larry Fink, who has come under fire by politicians in the US for championing green issues, has stopped using the term ‘ESG’.

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