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Illustration: Carolina Moscoso

Illustration: Carolina Moscoso

Wealth
Investing

BlackRock Is Caught in the ESG Crossfire and Struggling to Get Out

The asset-management giant thrust itself to the forefront of the discussion over sustainable investing and landed in a political minefield. 

BlackRock Inc. and Chief Executive Officer Larry Fink spent the past several years championing investment strategies that focus on a now-ubiquitous and tormented acronym: ESG.

As a result, the asset-management behemoth has become a leading corporate voice in the environmental, social and governance movement.