Home / Opinion / Columnists / ESG: The Fancy-ful Narrative
Last month, the Financial Times’ Moral Money and Unhedged newsletters featured the so-called whistleblowing of Tariq Fancy, ex-head of Sustainable Investing at Blackrock, who left after a year’s tenure in early 2018. “The whistleblower who calls ESG a deadly distraction,” and “The ESG investing world is dangerous,” were based on Fancy’s three-part essay posted on Medium, The Secret Diary of a Sustainable Investor. Robert Armstrong’s precis in Unhedged does Fancy a favor by unearthing his main points from the original essay (Exhibit A for the world’s desperate need for editors) and making a few he didn’t. To summarize: ESG investing…
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Clara Miller writes, speaks and advises on finance, investing, and accounting. She is President Emerita of the Heron Foundation (2011-2017) and was founder and President/CEO of Nonprofit Finance Fund (1984-2011). She serves/has served on and chaired a number of boards and advisory boards, including the U.S. Treasury (CDFI), Federal Reserve ... Read more
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