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ESG is more powerful than former BlackRock exec Tariq Fancy thinks

Tariq Fancy’s criticism of asset management’s approach to sustainable investing is half right, but fails to appreciate ESG's true value

By

Eoin Murray

The high-profile attack on ESG investing had some merits, but also ignores some of the movement's best traits
The high-profile attack on ESG investing had some merits, but also ignores some of the movement's best traits

Eoin Murray is head of investment at Federated Hermes

In his Secret Diary of a 'Sustainable Investor', BlackRock's former sustainable investing CIO Tariq Fancy makes several assertions that have at worst undermined confidence in the nascent responsible investing industry, and at best triggered an important debate on what it is and can achieve.

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