The crucially important points ESG critics are missing ...Middle East

“What is a cynic?  A man who knows the price of everything, and the value of nothing.” Oscar Wilde Recently, the notion that investment funds do good in the world by using their considerable influence to steer the for-profit firms that they invest in towards helping combat societal ills came under new and severe criticism.  The attorney general of Arizona, along with attorneys-general from 18 other states, wrote an open letter to BlackRock, the world’s largest asset manager, suggesting that its reliance on environmental, social and governance (ESG) criteria in its investment decisions puts the funds that they manage for their clients (including many state employee retirement funds)

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