By Chris Dorrell Blackrock’s former sustainable investment chief has urged his former employer to “face up” to its responsibility in promoting ESG products which have ended up being little more than a “dangerous placebo”. Writing in City A.M. over the weekend, Fancy, who was formerly chief sustainable investment officer at Blackrock criticised Larry Fink for his “vacuous promises” on ESG. Despite its promise of helping to decarbonise the economy, Fancy argued that the ESG label has “mislead investors” and done little to promote the causes it claims to support. ESG may be remembered “primarily …
