British Psychological Society actually hits the target, but I think the wording is a little non-committal.
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https://esgclarity.com/which-asset-managers-rank-the-highest-for-esg/
According to shills for the process, all the major US banks barely care about ESG. They just have large funds because of their size, but when compared to their non-ESG funds, they are tiny.
#1 major bank for ESG is BNP Paribas, which was one of the banks singled out by Republicans earlier this year for trying to restrict oil investment.
That matters a lot because that's how you get nearly every corporation on earth parroting woke garbage. That's not going to happen via smaller firms. They don't have the market share.
Not really. Blackrock and Vanguard could close their ESG funds tomorrow and it wouldn't put a dent in their AUM. Both are heavily backed by S&P 500 trackers that are bought by lazy fucks. That's their real business, market tracking ETFs.
Banks that take ESG seriously are more of a threat than those who barely manage their funds and just track the S&P designation of what counts as ESG. Remember when they removed Tesla?
Sovereign wealth funds have large ESG components as well, for example, Norway's fund. These are also actively managed, and therefore a larger threat.
The largest threat now is companies being able to direct people's retirement funds to ESG, to make these funds seem more popular. Biden just passed a bill/EO on it.
https://www.reuters.com/markets/us/blackrock-adds-diversity-target-us-boardrooms-2021-12-14/
Here is BlackRock demanding that boards diversify themselves. Considering their asset share, that's going to have more impact than anyone else doing this. Note that I assumed that they would push this under ESGs, but they might push the diversity outside of it. I don't really know.
Ironically, their definition of diverse doesn't include women, something I think is long overdue.
Less female boards is a good thing. If companies stop hiring women to fit "diversity" because BlackRock changed the logic, I fail to see the issue.
Competing with 6.5% is a lot easier than competing with 50% who all hate you.
It's not ideal, but it's better than the legal definition of diversity, which calls the 51% female Disney board diverse.