Solving Asia's Carbon Problem

So Black Rock has gone weak at the knees. Again.

Its recent decision to drop its focus on ESG investing in favour of a new strategy of “transition investing” seems to be another step backwards in its commitment to the green agenda.  

The decision follows the revelation, barely six months ago, that the world’s largest investor had sharply reduced its boardroom activism, and sharply dialled back its support for environmental and social-related motions at shareholder meetings.

Which in turn followed the announcement by CEO Larry Fink that he would stop using the term ESG because, he said, it had become “too divisive”.

But while the anti-everything-green activists cheer, it’s worth remembering that progress is never linear and continuous. And good ideas rarely die, they just evolve.

Which is why it’s encouraging to  ...