BlackRock admits CEO Larry Fink's focus on ‘woke' ESG activism could ‘materially adversely' hit business

BlackRock CEO Larry Fink’s efforts to embrace “woke” environmental, social and governance policies, commonly known as ESG, could “materially adversely” slam the investment titan’s core business, the investment giant admitted in a regulatory filing.“Risk factors” for BlackRock’s stock price include the fact that “BlackRock’s business, scale and investments subject it to significant media coverage and increasing attention from a broad range of stakeholders,” the firm disclosed in its annual 10-K filing with t ...