It looks like the finance industry’s brief love affair with “responsible” investing is coming to an end. Investment managers are turning on Environmental, Social, and Corporate Governance investing. Speaking at the Aspen Festival of Ideas, BlackRock CEO Larry Fink announced he’d no longer be using the term “ESG.” This will be a huge hit to the ESG industry not simply because BlackRock is the world’s largest asset management company, but because it was a pioneer in promoting ESG investment.

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