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Imagine357 t1_iu0okt6 wrote

Reply to comment by wwcfm in BlackRock HQ in NYC stormed with pitchforks. by helloworld_141

I work for a European institution and don’t see institutions like Blackrock being as mature. The non-banks financial services firms / hedge fund like entities generally care more about money than sustainable investing.

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wwcfm t1_iu1bx4s wrote

Did you edit your comment? I originally took it to mean ESG is greenwashing, but now your comment reads more specific to BlackRock. Maybe my recollection is bad.

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Imagine357 t1_iu1d54e wrote

No edits - but to clarify - I’m critical of the greenwashing taking place by many firms, of which I suspect hedge funds and other non-bank market participants of facilitating. Mentally, I put firms like Blackrock in this bucket as they tend to skirt regulation by their nature as a non-bank. Moreover, they are American and not European, and I know how little US regulators are pushing the climate agenda in comparison to the EU.

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