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Commentary: BlackRock CEO Larry Fink’s Woke Capitalism Crusade Runs into Resistance
February 08, 2022
Andy Puzder and Stephen R. Soukup describe BlackRock CEO Larry Fink’s Woke capitalism crusade and retreat as his push for Environmental, Social and Governance (ESG) investment criteria and “stakeholder capitalism” were met with intense resistance from many including shareholder activists, U.S. senators, state treasurers, legislators, governors, as well as the former director of “sustainable investing” for BlackRock itself.
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Companies Face Increased Pressure To Disclose Political Policies and Contributions
February 08, 2022
The environmental, social and governance (ESG) movement is increasingly impacting the business world to the point that corporations and their political action committees (PACs) are being pressured to justify their contributions based on a candidate’s voting record on ESG issues, like the North Carolina gender bathroom bill in 2016.
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Darwall: Woke Capital Won’t Save the Planet
February 02, 2022
Rupert Darwall writing for RealClearenergy.org, explores how woke capitalism may have reached in pinnacle, referring to a letter by BlackRock CEO’s Larry Fink who states in a recent letter that stakeholder capitalism is not “woke,” because capitalism is driven by mutually beneficial relationships between businesses and their stakeholders, a shift from 2019 when he wrote his « profit and purpose letter ».
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FTI Consulting Resilience Barometer® Reveals Businesses Lack Expertise Needed to Navigate ESG
February 02, 2022
The January 2022 FTI Consulting Resilience Barometer®, which surveyed senior executives from more than 3,300 large companies across G-20 countries, broke down the effects of ESG on businesses, finding that despite increased spending on environmental, social and governance (“ESG”), two-thirds of companies remain unprepared and under-resourced to withstand scrutiny, potentially exposing them to additional risk.
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Veldhuis and Clemens: Stakeholder Capitalism and ESG’s Road to Socialism
January 25, 2022
Niels Veldhuis and Jason Clemens writing in the Financial Post argue that the trends of ESG (environment, social, governance) and stakeholder capitalism movements diminish economic freedom and push towards a new brand of socialism.
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